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Tagged: Resistance, Supprot
Support is the previous bottom position in the chart during bullish trend or previous top position in the chart during a bearish trend.
Resistance is the previous top position in the chart during bullish trend or previous bottom position in the chart during a bearish trend.
support is the point at which the price goes above the previous top and recommended to buy at that level. Resistance is the point at which the price goes below the previous bottom and recommended to put stop loss there.
Hi mam
support and resistance are zones . in support zone the numbers of buyers will be high where as in resistance number of sellers will be high. when a stock breaks the resistance level the stock is indicating that the buyers are power full enough to push the price up and for support it is vice versa when the price breaks down the support it indicates that the sellers are power full than the buyers hence the price is sliding down
when the price shows a clear cut above the resistance the resistance is considered as a support
when the price shows a clear cut below the support then the support is considered as a resistance
thank you
Support and resistance lines are trend lines.
Support is the line at which the price will not fall further. So you can buy at the line.
Resistance line is the line above which the price will not go higher. So you can sell at this level.
The
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Support and resistance are two different regions in the price charts.</span>
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>In support zone the numbers of buyers will be high ,where as in resistance zone number of sellers will be high. </span>
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