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
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
Nota
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
Nota
final conclusion = price making oscillators , NOT oscillators making pricebole toh BHAV BHAGWAN HAI
Nota
when market is in uptrend only try to find SUPPORT when market is in downtrend only try find RESISTANCE
Nota
Disclouser : I am not a Certified registered analysistthis is just my observation for practice and learning purpose of chart reading,
Must take advice from your financial advisor before trade
Nota
breaking upside possible pole n flag setup in comming daysNota
support is still safe so new high in the blue skyNota
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support break todayNota
490 and 450 is next target in downsideTrade attivo
support broken at 10 september and after that its retest support 27 september for fresh sell broken support is a resistance now
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once support broken which is 497 now 408 around 17% profit running Trade chiuso: obiettivo raggiunto
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.