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WHAT IS SUPPORT ?

 Support is formed where Demand is more than Supply.

 It Results in upward movement of Price.
 Support can be broken in case of Decline.
 Basically, When the Market is going the down direction
Support Level will Buyers to pull the stock up.
SUPPORT LEVEL !!
WHAT IS RESISTANCE ?

  Resistance is Formed when supply exceeds

demands.
 It will move DOWN.
 Basically, when the market is going up Resistance
level will help sellers to pull back the stock Down.
RESISTANCE LEVELS !!
BREAK DOWN !
BREAK OUT !
SUPPORT & RESISTANCE !

 In stock market technical analysis, support and

resistance are certain predetermined levels of the
price of a security at which it is thought that the
price will tend to stop and reverse. These levels are
denoted by multiple touches of price without a
breakthrough of the level.
SUPPORT & RESISTANCE CHART !
SUPPORT LEVEL = DEMAND ZONE !!

 In the chart above you can see a demand zone (broad

support level).
 Do not sell into demand. If you are shorting and there is a
demand zone directly below your entry price, then either
wait until the price breaks through the demand zone or do
not take the trade.
SUPPORT LEVELE = DEMAND ZONE CHART !!
RESISTANCE LEVEL = SUPPLY ZONE !!

 In the chart above you can see a Supply zone (broad

Resistance level).
 Do not buy into supply. In other words, if there is a supply
zone directly above your entry price, you must either wait
until the price breaks through the zone or do not take the
trade.
RESISTANCE LEVEL = SUPPLY ZONE !!
PATTERNS !
SUPPORT & RESISTANCE IN LINE CHART