Dow Theory – Bearish Trend with Lower top and Lower Bottom

Witnessed Lower top when the trend reversed from 1764 rs. The Down trend broken its previous bottom with high volume at 1540 rs. The down trend continued till 1309 rs, after that the previous lower top has been broken with high volume, Can stay in trade until 1309 rs or exit once reached the target of rs 1405.

Here the Risk Reward is 135 rs and the same has been achieved in 12 days of time.

But till 1309 rs the stock didn’t witnessed any strength, so we can stay until the previous high breakout.