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
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