In this analysis is done to find the Dow sequence for bullish trend. A higher bottom – higher top sequence was found during May and June 2016 of AXISBANK chart. The trend was seen to rise. So a long position is advised here.
, , Dow Theory
, , Dow Theory
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Bullish View
Bearish View
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Good start sir..
Consider at least 1 year of data to spot the major tops and bottoms, otherwise it is fine..