In the chart of Axis bank from 17th July till 3rd Oct-17 one can clearly see the bearish view. It confirms the Dow theory principle of LT – BH as the mark on the map.
Bearish – Dow theory
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Stock Analysis
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Bullish View
Bearish View
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Hi sir,
For dow theory, two years line chart data is needed.
I’ve attached the example for dow theory.