this sector contains the basics knowledge of dow theory and its usability in trading. dow is falls on the line charts and this is the theory which gave a clear saying of technical analysis.
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Hi,
In response to your question
Support and resistance levels are important points in time where the forces of supply and demand meet. Support is the level at which demand is strong enough to stop the stock from falling any further Meanwhile resistance is the level at which supply is strong enough to stop the stock from moving higher but there is no assurance that the support or resistance will hold.
In simple way support from where price moves up and Resistance from where price goes down. in case of break up resistance will become new support and in case of break down support will become new resistance.