ABFRL ..MONTHLY CHART .dow theory bull trend read detail
Updated
it looks that on monthly chart of abfrl,
it is following long term bull trend as per dow theory,
by making higher high higher low ,
(line chart are closing price basis chart).
now just read on web about DOW THEORY how to go with upmove new levels,
and as per that theory when downtrend going to start and shuld stop upmove observation.
as it stop making higher high and making lower high and breaking down lows.
decide on ur own.
as it is always probabilty, which may or may not happen always.
it is following long term bull trend as per dow theory,
by making higher high higher low ,
(line chart are closing price basis chart).
now just read on web about DOW THEORY how to go with upmove new levels,
and as per that theory when downtrend going to start and shuld stop upmove observation.
as it stop making higher high and making lower high and breaking down lows.
decide on ur own.
as it is always probabilty, which may or may not happen always.
Trade closed: target reached
233.85 to 245 almost approaching 248 areaNote
250 touched level ..if continue to hold upmove 260-7-300level may come but one shuld decide on own to wait for this observation as per risk
Note
was simple setupTrade active
298.95 near expected 300 levelNote
now risk taker observation for learning towards 350-60 very longterm decide ur own risk is yor
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