As per Dow theory in stock bajaj taking daily chart of previous 2 years with HB-HT to buy demand zone.LT-LB to sell supply zone. marked in the chart below.
PRACTICE DOW THEORY 11
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Stock Analysis
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Bullish View
Bearish View
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In your chart you have marked LT and LB wrongly(see 3rd and 4th markings and again 7th and 8th top markings from Left to Right). If the Top is Lower than the previous one then only it is called Lower Top and vice versa for Higher Top. Same applies for Bottoms also. Correct the markings. This is for your information.