Support and resistance ?
- Thread starter niravshah1101
- Start date
Re: Support ans resistance ?
hi ,
You will usually come across these terms used in the stocks.
Support - The Troughs or reaction lows r called support.The term is self-explanatory n indicates that support is a level or area on the chart under the market where buying interest is sufficiently strong to overcome the selling pressure. As a result, a decline is halted and prices turn back up again.
Resistance- It is opposite of support and represents a price level or area over the market where selling pressure overcomes buying pressure and a price advance is turned back.
.............................
hi ,
You will usually come across these terms used in the stocks.
Support - The Troughs or reaction lows r called support.The term is self-explanatory n indicates that support is a level or area on the chart under the market where buying interest is sufficiently strong to overcome the selling pressure. As a result, a decline is halted and prices turn back up again.
Resistance- It is opposite of support and represents a price level or area over the market where selling pressure overcomes buying pressure and a price advance is turned back.
.............................
You can visit Saint's thread which will clear all your doubts about support and resistance http://www.traderji.com/technical-analysis/6072-teach-man-fish.html
It will in fact give you much more than what you are asking for.
Hope this helps.
Abhay
It will in fact give you much more than what you are asking for.
Hope this helps.
Abhay
Similar threads
-
-
please code trends indicator for double lines of support and resistance
- Started by rvlv
- Replies: 0
-
Convert Simple Thinkscript Support/Resistance Lines into AFL
- Started by StockTempest
- Replies: 4
-
AFL based on Support and Resistance pivots
- Started by Trading_interest
- Replies: 0
-