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Higher tops, higher bottoms, Lower tops and Lower bottoms identified in Stock BHEL.
As per the Dow theory, trade plan as per the trend.
if you see the trend for the stock was bullish between may 2015 to july 2015.
there was a good traded volume when the price crossed previous higher top.
even the higher top and higher bottom is in line with dow theory.
Trade plan: BHEL – Dow theory bullish – Long position can be considered
Entry@254, Stop Loss@241, Target: 284
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