What are Support and Resistance?

[Padmanabha]

Support and Resistance is a concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels.

Support level is a level where the price tends to find support as it is going down and Resistance level is a level where the price tends to find resistance as it is going up.

[Divya E R]

Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.

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