price making higher high occilator making lower low

Sep 10

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

Sep 10

Note

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

Sep 10

Note

final conclusion = price making oscillators , NOT oscillators making price

bole toh BHAV BHAGWAN HAI

Sep 10

Note

when market is in uptrend only try to find SUPPORT
when market is in downtrend only try find RESISTANCE

Sep 10

Note

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

Sep 11

Note

breaking upside possible pole n flag setup in comming days

Sep 26

Note

support is still safe so new high in the blue sky

Oct 9

Note

Oct 9

Note

support break today

Oct 10

Note

490 and 450 is next target in downside