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Support is the area where buyers are strong enough to buy and prevent further fall in price. Here price wont fall below this level as buyer are more here to buy the stock (buyer are aggressive).
Resistance is the area where there are more sellers to sell the stock and prevent anymore rise in the price. here price wont go above this level as sellers are more here to sell the stock (sellers are aggressive).
Support – It is the price levels where a lot of traders are willing to buy the stock and thus the downward moving price will tend to stop and get reverse.
Resistance – It is the price levels where a lot of traders are willing to sell the stock and thus the upward moving price will tend to stop and get reverse.
resistance – it is the price level after which there will be less buyers and the possibility of price increase is very less naturally because demand decrease
support – unlike resistance at this level there wont be any seller to sell at lower price hence naturally supply will decrease and falling price any further is less probable
Support – Here the buyers are strong and will not allow the price to fall below a bullish trend is maintained.
Resistance – Here the sellers are strong and will not allow the price to increase a Bearish trend is maintained.
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