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
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
Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Penerbitan berkaitan
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.
Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Penerbitan berkaitan
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.