higher top and higher bottom is bullish
lower top and lower bottom is bearish trend
demand and supply
one month to two months not for intraday

support and resistance

  • : it is about studying the market with help of demand and supply which can be found by price and volume and is transparent and easily available
  • : line graph is used and chart is for daily and min 2 years of chart is needed
  • : open the line charts spot the tops and bottoms and qualify them as higher bottoms higher top lower bottom and lower top identify the sequence identify volume significance higher top and higher bottom is bullish lower top and lower bottom is bearish trend
  • : as it is based on demand and supply and is easy for traders to do major critics is it is not reliable for long run
  • : when the trend is bullish i.e higher top and higher bottom that time we should go for long position when trend is bearish i.e. lower top and lower bottom that time we should go for short position trend is reliable only for medium term i.e one month to two months and not for intra day
  • : support is where price starts to fall resistance is where price starts to raise
2 Comments
  1. Naresh 3 years ago

    Hi,
    This is the appropriate answer for the question -What are Support and Resistance? support and resistance is a concept that the movement of the price which will tend to stop and reverse at certain predetermined price levels.These levels are denoted by multiple touches of price without a breakthrough of the level.

  2. Naresh 3 years ago

    Hi,
    This is the appropriate answer for the question -What are Support and Resistance? Support, as the name implies, indicates a price level or area on the chart under the current market price where buying interest is sufficiently strong enough to overcome selling pressure. As a result, a decline in price is halted and prices are turned back up again. Resistance is the opposite of support. It represents a price level or area above the current market price where selling pressure may overcome buying pressure, causing the price to turn back down against an uptrend.

Leave a reply

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2022 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

Log in with your credentials

Forgot your details?