What are Support and Resistance?

[S Suresh]

Based on Dow Theory during a bullish trend it creates high bottom and high top pattern, the bottom is support and top is resistance zone. Support is where buyers are present and resistance is where sellers are present. During a bearish trend it creates low top and low bottom and support is found in lower top and resistance is found in lower bottom.

[Rajesh kumar]

In Dow theory during bullish trend high bottom and high top is created, in this previous top is resistance and previous bottom is support
In a Bearish trend, previous bottom is resistance and previous top is support

[Gogaya]

For Bullish, HB-HT sequence with HVol, HT is resistance and HB is Support and for Bearish it is in reverse.

[Nishad]

During bullish trend high bottom and high top is created, in this previous top is resistance and previous bottom is support. In bearish trend previous bottom is resistance and previous top is support

[suraj]

Supprot is a price point where people feel comfortable buying. At this price point buyers are more than sellers thereby increasing the stock price.

Resistance is a price where more sellers come to play. Here sellers are more than buyers.

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