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It seems the temporary bearish trend is over for the stock Yesbank which lasts not more than 3 months.
Now the bullish trend shows its sign.
As per the Dow theory, if sequence higher bottom and higher suggests with high volume to take long position.
if we observe the chart enclosed, stock price crosses previous lower top @689.45,where volume is high compared to others. it signifies bullish trend is ahead.
When we take Dow Theory as the basis, the Top formed is still Lower Top at 715. The last Lower Top in the bearish trend was around 775 to 790. Hence from a long term perspective it is better to wait for level of 775 and enter than now.
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