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  • #5264
    EQSIS
    Keymaster

    What are Support and Resistance?

    #5632
    Abirami Duraisamy
    Participant
    Rank: Level 5

    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.

    #5650
    Pradeep
    Participant
    Rank: Level 4

    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.

     

     

    #5813
    khushi
    Participant
    Rank: Level 5

    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

    #6056
    bhavani
    Participant
    Rank: Level 7

    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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