As per Dow theory, bearish trend observed. This was confirmed through the sequence of Lower tops and Lower bottoms. Hence short position is created at the Entry point of 161.50 on 28-12-17 with a stop loss of 185. The risk is 23.5, hence the minimum target is 138. However I waited till the price goes above the previous lower bottom. As per this the Exit point is 128.3. With this the profit is 33.2 and the profit percentage is 20.55%. The duration is six months
Bank of Baroda_Dow Theory_Bearish
