It shows both bearish and bullish trend
Nifty
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Stock Analysis
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Bullish View
Bearish View
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Hi sir,
For Dow theory first step is to mark Tops and Bottoms and then Tops & Bottoms should be qualified to Higher Top & Higher Bottom or Lower Top & Lower Bottom and further the trend should be confirmed.
Markings are important for the practice activity so that it will be useful to recall.