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SUPPORT is the price level below which sellers are not ready to sell, so price will not go down. This is buyers zone
RESISTANCE is the price level above which buyers are not ready to buy, so price will not go up above. This is sellers zone
Support is the place where demand area(buyers buy) where as resistance is place where supply takes place(sellers sell)
Support – This is the price level below which sellers are not present. Since there are no sellers supply decreases and chances of price going down beyond this point is very less
Resistance – This is the price level above which buyers are not present. Since there are no buyers demand decreases and chances of price going up beyond this point is very less
Resistance is the point above which the buyers do not buy the stock anymore.
Support is the point below which the sellers do not sell the stock.
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