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Tagged: Resistance, Supprot
Support is the buyers zone & resistance is the sellers zone.
In simple terms, buyers zone is called resistance and sellers zone is called support.
SUPPORT is the price level below which sellers are not ready to sell the stock hence price will not go down below this level as the supply is not there
RESISTANCE is the price level above which buyers are not ready to buy the stock hence price will not go up above this level as the demand is not there
Resistance is the point above which the buyers dont buy the stock anymore.
Support is the point below which the sellers dont sell the stock.
support is where sellers don’t sell the stock and the price will not go down beyond a level because of no supply.
resistance is where buyers don’t buy the stocks and the price will not go beyond the level because of no demand.
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