sk_4587的NSE:ITC的price making higher high occilator making lower low

price making higher high occilator making lower low

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

註釋

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

註釋

final conclusion = price making oscillators , NOT oscillators making price

bole toh BHAV BHAGWAN HAI

註釋

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

註釋

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

註釋

breaking upside possible pole n flag setup in comming days

註釋

support is still safe so new high in the blue sky

註釋