MARUTI – BEARISH – EQSIS PRO

Tagged: Dow Theory

This topic has 3 replies, 3 voices, and was last updated 8 years, 1 month ago by EQSIS.

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April 7, 2016 at 12:43 PM #22597

K. Siva
Participant

Rank: Level 4

STOCK : MARUTI

DIRECTION : BEARISH

ENTRY : 4372

EXIT : 4050

STOPLOSS : 4694

April 11, 2016 at 12:05 PM #23228

Karthikeyan .K
Participant

Rank: Level 6

@EQSIS

Dear Siva ,

How are you? Hope you remember me

After the bulls , we need minimum 2 Lower tops to confirm the bear trend . And we can take short position only after crossing the lower bottom . I think the entry and stop loss points need a re-look .

April 11, 2016 at 7:30 PM #23270

EQSIS
Keymaster

Sir i would prefer to use daily chart to mark Top and Bottoms….

April 11, 2016 at 7:31 PM #23272

EQSIS
Keymaster

Dear Sir,

There is not such two lower tops required to qualify Bearish trend. Kindly stick to basics sequences (Lower Top and Lower Bottom with High Volume….)
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