hi is it always confirmed that once taken resistance from top stock will come down to first support level at any cost and do not reverse from anywhere in between
suyashkumar09
⋅
@TUSHARINTRINSIC,
HI
MOSTLY STOCKS REACT FROM THE RESISTANCE TO SUPORT LEVEL
BUT IT IS NOT CONFIRMED THAT IT WILL REACH TO S/R LEVEL.
IF MULTIPLE RESISTANCE CREATED IN BETWEEN (NEW) IN SMALLER TIME FRAME WITH GOOD VOLUME IT CAN REVERSE FROM THERE ALSO. THAT IS CALLED FLEXIBLE S/R OR VOLUNTARY S/R.