In this section recalled the dow theory.
- : Objective is to get the current trend of the stock.
- : Line chart, Daily time frame, 2years previous data.
- : Up Trend - Higher bottom, higher top Down Trend - Lower top, lower bottom
- : Major draw back is it can not be used for daily trade. But for long term it will be useful, so it remains the top of any analysis.
- : Buy - after crossing the previous higher top Sell - After crossing the previous lower bottom
- : Support - Lower Bottoms Resistance - Higher tops