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Typo error. Actually the above said analysis is for “AXIS BANK”.
Charts moving as per the prediction, lets wait and see, whether our target is met or NOT?
DOW theory – Its a golden theory, but it failed to give information about the characteristic/quality of the trend. Moreover it gives the information about the trend bit later.
Price patterns – It follows the DOW theory and in addition to that, it gives early signals as well. It gives clear information about the trend, quality and characteristic of the stock.
Identify equivalent Tops
Duration should be minimum 1 month
Volume should be high at second Top or while crossing “Neck Line” (in the bearish trend)
Identify equivalent Bottom.
Duration between them is minimum 1 month.
Volume should be high at second bottom or at least near the breakout neckline (in the upward trend)
Future/call/put – derivative market instruments.
In equity market, there is no way to execute “short position” and more over high capital is required in case of SPOT/Cash/equity market.
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