ASHOKLEYLAND – DOW THEORY – BULLISH TREND

To define a bullish trend, the HB to HT sequence is Identified. 

The entry point is A (132.0) and Stop loss is  B (111.9) , the Target is Point C (152.1) . We take long position at Point A and Long unwinding at Point C. The Target was reached in a span of two months time.. High Volume confirmation is also seen.