Huge Supply seen at 657.7 and Demand at 534.9, from there demand vs greater supply and positive to buy at 659 with stop loss of 607 and target at 711
, , Dow Theory
, , Dow Theory
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Hello Suresh,
For analysis using DOW theory, its good to mark major Tops & Bottoms and qualify them with HT, HB, LT & LB.
Although it is right, its good that we go by marking all the major tops and bottoms. Follow the below steps for dow theory.
Step 1: Mark Major Tops and Bottoms
Step 2: Qualify them as Higher or Lower
Step 3: Stop the matching sequence for bullish and bearish
Step 4: Indicate the high volume
Step 5: Place the stoploss and possible targets.
You can give an another attempt