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after a long duration of time boi is in bullish trend
trade plan
symbol- BOI Direction- long ENTRY 116 SL 103 TARGET 185
As per dow theory the stock seems to be in Lower bottom – Lower top sequence which is neither bullish nor bearish trend. It is not advisable to get into any position as of now.
Hi,
Can you pls help me to study your logic. Pls explain below mentioned points
Can you mark HT & HB on your attachment.?
Can you explain how you predicted target as 185. Beacause 185 is not in HT? (Logic for a bullish movement price should move from HB to HT. Entry = Above Last HT, Stop loss = Last HB, Risk=Entry-stoploss, Target=Entry+Risk. This is not matching with your Analysis.)
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