Dow bullish pattern is formed with high volume during the previous top formation. Long positions can be taken keeping the stop loss intact.
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Dear sir
Agreed .Breakout (21 03 2017) happened with volume. IT seems afterwards from both price movement and volume that bulls are not strong enough. The latest candle is also a Doji (ie none showed their strength as on date) Any way the trade may be successful
The next chart is given
THANK YOU SIR @v.vedanayagam FOR YOUR ANALYSIS. But I still think if the stock is able to hold above 3300 levels then it may reach our intended target.
1) For dow analysis some more time is required: 3-5 weeks
2) Seeing the delivery percentage for past two weeks for this stock, the percentage has increased so there are positive signs.