We need at least two years of data to analyse Dow theory. The Line chart of price movement is used for the analysis. All the significant tops and bottoms are marked as higher top, lower top, higher bottom and lower bottom. The movement from Lower top to lower bottom signifies the bearish trend. There should also be significant volume of trade.
Dow Theory – Bearish – Aurobindo Pharma
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Stock Analysis
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Bullish View
Bearish View
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Hi,
Your analysis is really perfect