What are Support and Resistance?

[Darshan Arvindbhai Shah]

As per Dow Theory ..

When we can see clear trend by identifying the sequence of Higher Bottom & Higher Top it is considered as An Up Trend

And whenever we are in Up Trend ..Previous Higher Top is called Resistance, We can buy if the price crosses that level and

Once the price crosses that price   Previous Higher Bottom becomes our Support 

 

In case of Down Trend ..

When we can see clear Down Trend by Identifying the sequence of Lower Top & Lower Bottom

then Previous Lower Bottom is considered as Resistance and Previous Lower Top  is called  Support

 

 

[Pradeep]

Bullish- In HB HT trend, previous top is resistance and previous bottom is support.

Bearish- In LT LB trend, previous bottom is resistance and previous top is support.

[Hema]

Support –  Buyers are strong and they try to maintain bullish trend.

Resistance –  Sellers are strong and they try to keep bearish trend.

[VaibhaV SeshananD]

In a Bullish trend, previous top is resistance and previous bottom is support
In a Bearish trend, previous bottom is resistance and previous top is support

[Vishal Rath]

Support is the previous bottom position in chart during bullish trend or previous top position in chart during bearish trend.

Resistance is the previous top position in chart during bullish trend or previous bottom position in chart during bearish trend.

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