Point & Figure Charting

Nadakarni,

It is a pleasure to learn that my analysis has been a help to you. If you need any assistance,please feel free to write to me. Do you have the book on Point and Figure by Thomas Dorsey? If you do need one, give me your email and I will send it to you. Do keep writing. It is one way to know that my updates are being read, or else it can be a blank wall.

Thank you once again.

Tony

Sandeep,

You have made my day with your warm response. As long as there are readers on this blog, I assure you that I will keep writing updates which will be of benefit to one and all. Your message will drive me to put more efforts and make things easy for all those who are interested in technical analysis.

Tony

:)) .

ANKIT,

Here are my views on Ajanta Pharma:

http://chartink.com/stocks/ajantpharm.html Link: http://chartink.com/stocks/ajantpharm.html

The stock is presently trading below its 50 day EMA of 960. The short term indicators still show negative bias with RSI at 27, CCI at -210 and Momentum at 178. Today the volumes dropped to 35 578 shares from 83956 shares yesterday. Lets hope the selling pressure is easing. The stock is also in over sold territory.

On the PnF chart the stock now has support at 800 and then 780.

http://chartink.com/pointfigure/AJANTPHARM.html Link: http://chartink.com/pointfigure/AJANTPHARM.html

Wait for the stock to trade in the X column. This can happen at 940 at current levels. On the up side on the PnF chart, it does not have any resistance and can go up once again to previous high of 1160.

However, it will have resistance at 960 the 50 day EMA, 940 the 5 day EMA and 1010 the 25 day EMA. These will change with price changes.

Tony

Till now I have written about Technical Analysis. But time and again i keep saying that technical analysis should be used along with Fundamental Analysis.

Subhas Nayak has be good to send me a PDF copy of a book titled **THE FIVE RULES FOR SUCCESSFUL STOCK INVESTING. **I was lucky to have a printedcopy which my friend sent to me.

For those who do not have a copy I am ready to share it with them.Please therefore let me know if you need a copy so that I can send it by email. Further, one can also make use of the following link at Morning Star. Pat Dorsey who is the author of the above book, is a Director at Morning Star. The site gives a ready made analysis as per the Five Rules mentioned in the book, of stocks in the Indian Market.

http://www.morningstar.in/stocks/0p0000axie/bse-asian-paints-ltd/financials-key-ratios.aspx

It is better to teach a hungry man how to fish, than give him a fish.

Tony

Tony

Please send me a copy - mallikarjun.1211@gmail.com

Mallikarjun,

I had sent you a long list of books earlier. It is in the same list. Please check it and let me know if you still want a copy.

Tony

Dear Tony

Please could you send the the book

1.ByPat Dorsey titled THE FIVE RULES FOR SUCCESSFUL INVESTING

2). Any other books that you may have ( fundamental and technical)

My email id: raviteja02 at gmail . Com

I thank you for your help.

Regards

Ravi

:slight_smile: Ya tony have it…

**

Tony,

It would be helpful if you could share the book titled THE FIVE RULES FOR SUCCESSFUL INVESTING by Pat Dorsey along with PnF by Thomas Dorsey. Pls mail it to my gmail ID

shankar.nadakarni

Most of the stocks where I need inputs like - accelya, atul, astral, kaveri, ajanta are regularly discussed by you. I will definitely ask you if I need info on any other company.

Regards

Nadakarni,

It wall.

Thank you once again.

Tony

Tony,

I have started following your technical views of late and frankly this has helped me time my purchases.

Your updates are of great help .

**

Tony,

Please send me a copy : rajkknair1 at gmail dot com

Thanks,

Raj.

** THE I printedcopy them.Please

http://www.morningstar.in/stocks/0p0000axie/bse-asian-paints-ltd/financials-key-ratios.aspx Link: http://www.morningstar.in/stocks/0p0000axie/bse-asian-paints-ltd/financials-key-ratios.aspx

**

Dear Tony,

Please mail me the copy of book to: mjaykum@gmail.com

** THE I printedcopy them.Please

http://www.morningstar.in/stocks/0p0000axie/bse-asian-paints-ltd/financials-key-ratios.aspx Link: http://www.morningstar.in/stocks/0p0000axie/bse-asian-paints-ltd/financials-key-ratios.aspx

**

Hey Tony,

Pls mail me a copy at rohitkotewale @ gmail dot com

Hi Tony,

I would appreciate it, if you could send me alsoa copy of **THE FIVE RULES FOR SUCCESSFUL STOCK INVESTING. **

my email : hashims999 at gmail dot com

Thanks In advance.

Hi Tony,

I have been reading your posts for some time and it has been a real eye opener on how to buy stocks of good , strong fundamental companies at a good price. Studying the charts one gets a feel of the market sentiments. This can really help in taking decisions for buying stocks especially when they are falling. I will definitely read the books recommended by you and will look for your continued guidance.

Looks like you are bombarded with requests for uploading a copy of the books. On a lighter note, it could save you time if you post a link for the pdf from where people can download the book.

Vijay

Vijay,

I am not surprised at all that you are benefiting from chart analysis. It has benefited me personally, and I am sure, it should help more investors like you. However, technical analysis is an art and not a science, so the degree of success will vary from investor to investor. But, if you follow the rules, then one should not have any problems.

Its a good suggestion to post the link so that others can download the book. However, I do not have the link. I can send you the books which I have, and perhaps you can help all over here by posting the link if it is possible.

Do send me your email if you wish to have the book.

Tony

I have sent the books to all those who requested me to send it to them. If you have not received, please write to me again and I will send it.

Tony

Tony,

Please send me the copy to manishvachhani at hotmail dot com.

Thanks in advance.

tony,

please send me the dorsey book at meraidea at gmail dot com

thanks!

HG

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Tony,

Please send a copy to ankitgupta090287 at the rate gmail dot com.

Thanks & Regards,

Ankit