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Mahadevan N, , Dow Theory, Bottom, dow theory, Line chart, resistance, support, Top, trend
Concept of Dow theory is to recognize the strength of Demand and Supply with inputs of price and volume trending movements.
It determines directional trends and defines stock buying and selling level.
Trend drawn up based on Dow’s theory helps investors who invests for long term.
Though criticism has minor short fall, ultimately basic concept of Dow Theory prevails.
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