Bearish trend has been witnessed using dow theory in Bajaj – Auto. Lower Top – Lower Bottom sequence is appeared with high volume. so go for SHORT position.

Enter when Lower Bottom breakout

Stop loss when hits Lower Top

And fix target above risk.

2 Comments
  1. vignesh 6 years ago

    Hi,
    For dow theory keep 2 years chart data on screen for better identification of tops and bottoms

  2. Author
    Mangai 6 years ago

    Hi,
    Much thanks for your valuable words.
    Yes, I have analysed two years of data but while snapped it , I have zoomed out.

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