Tagged: BPCL-DowtheoryBullish-Entry880, SL812, Target1000 This topic contains 2 replies, has 2 voices, and was last updated by gorantla.vinod 6 years, 7 months ago. Author Posts September 26, 2015 at 12:37 PM #10411 gorantla.vinod Participant Rank: Level 4 Higher tops, Higher bottoms, Lower tops and lower bottoms identified for the stock BPCL. As per the Dow theory, trade plan should be as per the trend but not against it. On breakout the previous higher top, there was good volume. Trade Plan: BPCL – Dow theory Bullish – Long position can be considered Entry@880, Stop Loss@812, Target@1000 Attachments:You must be logged in to view attached files. September 28, 2015 at 6:44 PM #10557 bhavani Participant Rank: Level 7 Hi sir, As per the Dow theory Entry should be placed above the previous resistance (in a bullish trend) supported with a good volume.. kindly review your entry point because @ 880 there is good volume but it is not a breakout since it has not crossed the previous resistance. Find the attached chart for clarification. Attachments:You must be logged in to view attached files. September 28, 2015 at 11:28 PM #10611 gorantla.vinod Participant Rank: Level 4 Hi Madam, Thank you for analysing and providing me inputs. Checked that previous resistance was @876.4 on 04 june 2015. Author Posts Viewing 3 posts - 1 through 3 (of 3 total) You must be logged in to reply to this topic.