Doubt Regarding PNF %box size
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Hello Prashant Ji,
Namaste, My Name is Nikhil Ranade.I am dmat user of Definedgesecurities and I recently Subscribed the Course on PNF by you in Gurukul Platform.
My doubt is very basic.
I just want to know that when we select any perticular % based on LTP as a box value in plotting PNF chart of any script, does the box value gets adjusted as per the LTP movement each time.
ex. 1% of 24000 = 240 and 1 % of 24100 will be 241 and so on..Simply for the curiosity for the logic. Thank You Sir..!
Nikhil.
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Sir I am sharing my knowledge to you......
Pehli Baat (Fixed Box Size ki dikkat): Agar koi stock ₹100 par chal raha hai, toh uska 1% yani ₹1 hota hai. Lekin jab wahi stock high momentum mein aakar ₹1000 ka ho jaata hai, tab bhi agar aap purane price (₹100) ke hisaab se hi ₹1 ka movement chart par plot karenge, toh uska koi matlab (sense) nahi reh jayega. Kyunki ₹1000 ke stock ke liye ₹1 ka movement bahut hi chhota (0.1%) hota hai.
Dusri Baat (LTP ki zaroorat): Isliye chart par box size ya percentage ko LTP (Last Traded Price) yani current price ke hisaab se adjust kiya jata hai.
Teesri Baat (Dynamic Adjustment): Jab stock ₹100 ka hota hai toh 1% = ₹1 hota hai, jab stock ₹200 ka hota hai toh 1% = ₹2 hota hai, aur jab ₹1000 ka hota hai toh 1% = ₹10 hota hai. Yeh automatic adjust hota rehta hai.
Conclusion: Agar yeh adjustment LTP ke hisaab se nahi hoga, toh aapko har baar jab stock ka price range badlega, manual tarike se khud jaakar box size change karna padegaIsh tarah se apko har stock/asset ke liye alag alag range wise box value change nahi karni padegi
I hope it's help you.