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The Dow Theory primarily classifies market trends into:
APrimary, secondary and minor trends
BBullish, bearish and lateral phases
CLong, medium and intraday cycles
DRandom walks of three durations
Answer & Solution
Correct answer: A. Primary, secondary and minor trends
1. Identify what the question asks: this concept maps to technicalanalysis (§2.4.1).
2. Apply the framework or formula relevant to the topic.
3. Eliminate distractors and arrive at the correct option (A).
_Source: ICAI BoS CA Final Paper 2, Ch 4 "Security Analysis"_
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