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Tagged: Resistance, Supprot
What are Support and Resistance?
Support and Resistance are the external events that influence the demand and supply in the market, which in turn resist or support the price to go up or down.
Support and Resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels.
Support level is a level where the price tends to find support as it is going down and Resistance level is a level where the price tends to find resistance as it is going up.
support levels are where the market/ company finds support ie there is more demand at these levels
resistance level is where it faces resistance ie the supply is greater than demand
When the demand is greater than the supply, price increases and after reaching a zone the supply icreases as a result the price falls. This zone is known as resistance. When the price falls supply is greater than demand it reaches a level were the demand increases and this zone is known as the support .
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