Dow Theory – Bullish Trend

In the Line chart  Nifty marked for two years.  Then the qualified Higher tops and Higher bottoms and Lower tops and Lower bottoms are marked. If we conclude, there is higher top and higher bottom or lower top and lower bottom is suitable then  the entry price stop loss and the exit price or target are set. The entry price is when the price is goes above the higher top and the stop loss is the previous higher bottom and the target price is calculated as the risk and reward ratio.