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Tagged: AXISBANK-Bullish, Dow Theory
on 29/02/2016:-
we see -Higher Bottom-Higher Top sequence along with high volume ==> Bullish trend confirmed.
TRADE PLAN:-
SYMBOL     – AXISBANK
DIRECTION – LONG
ENTRYÂ Â Â Â – 459.8
SL       – 372.8
TARGET   – 546.8
Sir, here the marking are incorrect… Kinldy Follow the below steps to get the marking correct..
First Identify the Top and Bottom ( Note Top should always followed by bottom and vice versa)
Ensure the sequences are distributed evenly
Then Qualify them as Higher or Lower
Thereafter we can check for sequence (HB-BT or LT-LB), if volume is good, then indicates as Trade Signal…
Revised:-
on 27/04/2016:-
we see -Higher Bottom-Higher Top sequence along with high volume ==> Bullish trend confirmed.
TRADE PLAN:-
SYMBOL     – AXISBANK
DIRECTION – LONG
ENTRYÂ Â Â Â – 484.8
SL       – 376.8
TARGET   – 592.8
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