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As per Dow theory, bullish trend observed. This was confirmed through the sequence of Higher tops and Higher bottoms. Hence LONG position is created at the Entry point of 624.60 on 17-08-18 with a stop loss of 489.7. The risk is 134.9, hence the minimum target is 759.5. The exit price is 759.5 on 25-03-19. With this the profit is 134.9 and the profit percentage is 21.65%. The duration is seven months.
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Bearish-GAP-SHORT-BICON-25-10-2019 October 25, 2019
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Cummins India – Bearish Engulfing – 24Sep19 September 25, 2019
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Hi,
Good spot.. Hope you got better understanding about down concept