Dow theory is used to derive the market trend. As per the example the trend shows to be Bullish starting from 21st Nov 2016 upto 12th sep 2017 . Duration of 9 months . when we get Higher bottom and Higher top rally it shows Bullish trend. The stock may show bullish trend above 224.10.
Ambujam Cement – Dow theory Bullish trend
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Stock Analysis
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Bullish View
Bearish View
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Target price is 16.80