ITC LTD
מעודכן

price making higher high occilator making lower low

283
hello trading viewers
ITC daily
where price making higher high but occilator making lower low

there is two possiblity here


case 1 if price crossing up recent resistance and sustained
than upside possible for ab=cd , or pole n flag


case2 if price crossing down below recent support and sustained
than downside possible for kind of M pattern or corrective pattern


so in both case support and resistance is the key point in this trade
הערה
if price crossing up above recent resistance and sustained than nearest support is stoploss for long

if price crossing down below recent support and sustained than nearest resistance is stoploss for short
הערה
final conclusion = price making oscillators , NOT oscillators making price

bole toh BHAV BHAGWAN HAI
הערה
when market is in uptrend only try to find SUPPORT
when market is in downtrend only try find RESISTANCE
הערה
Disclouser : I am not a Certified registered analysist
this is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
הערה
breaking upside possible pole n flag setup in comming days
הערה
support is still safe so new high in the blue sky
הערה
תמונת-בזק
הערה
support break today
הערה
490 and 450 is next target in downside
עסקה פעילה
support broken at 10 september and after that its retest support 27 september for fresh sell
broken support is a resistance now
הערה
once support broken which is 497 now 408 around 17% profit running

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