The point & figure may be an old technique to analsyse but they are the best of all.
It just shows what matters the most: Trend whenever the price change is meaningful. Rest is just noise.
I did not know if one has noticed or not but Nifty has now given a sell signal in P&F charts.
In the chart it has broken the triple bottom.
Though the long term trend line is intact the intermediate trend is bearish.
The chart.
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