Bharti Airtel Bearish

[aaliya anjum]

POSITION: Short

ENTRY:322

TARGET:310

Lower Top – Lower Bottom Sequence

[Karthikeyan]

You can take more data into consideration. It seems only 5 months is shown on the chart. We need to have at least one or two years of data on the chart.

[GK Pai]

Hi,

You need to correct this topic.

1. First of all, you need to consider daily chart for at least 2 year daily while using Dow theory.

2. Regarding trend, your expectation is correct, it is bearish.

3. Logic on Entry/Exit Date is not correct. Also stop loss is missing. It is to be corrected as follows.

For a bearish movement from LT to LB, Entry should be below the LB ie in this case Entry should be below 310.

Stop loss = 322 (LT)

Risk taken = 322-310 (LT-LB)=12

So target = 310-12=298

So you should correct it as Entry=310, Target=298, Stop loss=322

<span style=”text-decoration: underline;”>NB – Above Entry/Exit/Stop loss target to be applied on 2 year daily chart.</span>

[Author]

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