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  • #9893
    Abirami Duraisamy
    Participant
    Rank: Level 5

    As per the Dow Theory, LT-LB sequence seen(as indicated in the chart) with high volume on 16th Apr, short position can be created with below trade plan. Direction Bearish, Position Short, Entry below 2513, SL 2664, Target 2362.

    The same trend is confirmed by the moving average(21days) where the trend goes below the moving average line,indicating bearish trend.

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