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SUNPHARMA- stock choosen
According to Dow theory, I have created major tops and bottoms with two years of data, and then made lower tops and lower bottoms. I also witnessed lower top and lower bottom sequence and created a short position at 589.2, according to previous low which also witnessed higher volume and then made a stop loss at 677.3, where I will make a profit of 88.1 for one stock.
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Hi,
The entry point is when the price breaks the pervious lower bottom.
Create short position at 501
Stop loss at 589