We can see lower top(231) followed by lower bottom(221) accompanied with good volume of transaction. Stop loss is lower top(231). Target is 221 – (231 – 221) = 211.
, , Dow Theory
, , Dow Theory
Recently Active Members
Bullish View
Bearish View
-
Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
-
FEDERAL BANK – BEARISH ENGULFING October 17, 2019
-
Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
-
Day29-Tata Motors DVR – Bearish Piercing – 12Sep19 September 12, 2019
-
Day27-Bearish-Engulfing pattern-Tech Mahindtra-09Sep19 September 10, 2019
For Dow theory a minimum of one year data should be loaded and then the tops and bottoms should be identified.