According to Dow Theory, for an Uptrend a sequence of HB-HT is required. After a decline from 16/Apr to 15/May, price created a Higher Bottom (HB) on 22/May. On 24/May, the required Higher top (HT) was created by price – as soon as it crossed above 91.8 with Volume above average.
AshokLeyland Bullish Trend using Dow Theory
