ShareChart is formed to stock analysis, to assist people, to trade stocks. It provides powerful technical analysis tools and fundamental news for both traders and investors.

1. HYDRO POWER SUB-INDEX ANALYSIS ( HPSI ) DESCRIPTION
Banking Index Development Index Finance Index Hydropower Index Insurance Index
In our 6 th edition of newsletter , we saw
formation of flag pattern with downtrend on
HPSI sub-index.HPSI Sub-Index momentum
change its direction due on NEPSE movement
and 41.41 points increase in one day only.
Falling Wedge with breakout up pattern
formed on HPSI. The Wedge is a reversal chart
pattern .Pattern also coincides with 23.6 %
Retracement of the last uptrend, which also
encourages the continuation of previous
uptrend tragetting towards 2200 Index.
TECHNICAL NEWSLETTER
R2-2206.66
R1-2192.86
Pivot -2165.25
S1-2151.45
S2-2123.84
R2-5497.72
R1-5482.09
Pivot -5450.82
S1-5435.19
S2-5403.92
Date: 02/04/2016
Click To Subscribe
SHARE CHART
Vol. 1 Issue 9
R2 -1154.90
R1 -1146.21
Pivot -1128.82
S1 -1120.13
S2 -1102.74
R2-1345.39
R1-1319.72
Pivot- 1268.39
S1-1242.72
S2-1191.39
R2-609.59
R1-605.61
Pivot -599.57
S1-595.59
S2-589.55
Current Sub-Index
1178.5Current Index
2179.06
BUTWAL POWER COMPANY LIMITED (BPCL) DESCRIPTION
Contact Us:
Email: sharechart2015@gmail.com
Kamalpokhari Mob:- 9801140245
The above figure shows a Flag and pennant chart pattern.
Note:This newsletter(sharechart) provides impersonal educational stock trading
information . All material presented within is not to be regarded as investment advice,
but for general informational purposes only.
R2-2206.66
R1-2192.86
Pivot -2165.25
S1-2151.45
S2-2123.84
R2-5497.72
R1-5482.09
Pivot -5450.82
S1-5435.19
S2-5403.92
BPCL,This types of chart patterns are
short-term continuation patterns
that are formed when there is a
sharp price movement followed by a
sideways price movement. This
pattern is then completed when
another sharp price movement heads
in the same direction as the move
that initiated the trend.They are
usually short lived.The flag and
pennant pole begins at point A and
completes at B. Following that, the
flag and pennant appears from B to
C, bounded by two converging
trendlines then target at D1-650 or
D2-690.
R2 -1154.90
R1 -1146.21
Pivot -1128.82
S1 -1120.13
S2 -1102.74
R2-1345.39
R1-1319.72
Pivot- 1268.39
S1-1242.72
S2-1191.39
R2-609.59
R1-605.61
Pivot -599.57
S1-595.59
S2-589.55
Buy at Rs.590 above
Target at Rs.650-690
Stop-loss at Rs.Below 580
CMP-615
Email: sharechart2015@gmail.com
Kamalpokhari Mob:- 9801140245