Dow theory - 3 kinds of trend1. Primary trend (9months to 2 years)
2. Secondary trend (6 weeks to 9 months)
3. Minor trend (few days to few weeks)
> Black line is the primary trend
> Green lines are an example of a secondary trend.
> Blue lines are minor trend.
Always trade with harmony of a primary trend.
Note : only for learning.
Primarytrend
TUBE INVESTMENT - Long term Trend AnalysisTUBE INVESTMENT - Long-term Trend Analysis
1. It breaks the primary trend in daily and weekly candles. Negative sign.
2. The last chance is this week, if it closes above 1630 then it may get an upward reversal.
3. If it falls under the primary trend it has a bright further.
4. first upward target is 1860 and if the market reveals means 2400 will be the ideal target for it.
5. It's a long-term analysis, if it is not able to break 1630 this month or next month if it is open below 1650 it may continue the downtrend.
6. Based on up or downside reversal investors can take the call.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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