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Support and Resistance

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Support Level:
A price level where demand is strong enough to prevent the price from falling further. It's like a floor—buyers enter here expecting prices to rise.

Example: If Nifty falls to 22,000 repeatedly and bounces back, 22,000 becomes a support level.

🔹 Resistance Level:
A price level where selling pressure overcomes buying, preventing prices from rising. It's like a ceiling—sellers dominate at this level.

Example: If Bank Nifty rises to 50,000 but fails to move above, 50,000 is resistance.

📊 How to Identify Them:

Historical price charts

Trendlines

Moving averages

Fibonacci levels

Volume analysis

📈 Use in Trading:

Buy near support

Sell near resistance

Use breakout strategy when price breaches either level

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.