Ways2Capital: What is Support and resistance in Stock Market?

Support and resistance is a very important part of Analysis Trends, we will use Support and resistance in the technical analysis for the trading decision and Trend reverse (Trend Reverse). If we look at an example then a Trader is a level of resistance that he identifies, and always comes down to the level of the stock, and sometimes it does not break the level, so from this we will get this decree We can take the Profit Book as soon as the stock comes to the level. It is his strong resistance.

Support: A price level is not where stocks go down and the reverse hawk goes up. Support A level where shoppers come to buy stocks and does not allow the stock to fall below it, and then move the stock upwards from that level.

That is, if the stock is falling down from the top and stuck at a level and moves from there to the top, then the price at which the price moves from where the stock moves upwards, it is its support. And in the future if the stock falls above the top then the stock can move back to that support level and take support from the top and move.

Resistance: A price level from which stocks do not go up and down and reverse hawk goes down. Resistance is a level where the seller comes to sell the stock and does not allow the stock to move above and then the stock moves from level to bottom.

That is, if the stock is going up from the bottom and stuck at a level and moves from there downwards to the bottom, then the price at which it moves, the stock moves downwards, its resistance. And in the future, if stocks come down, then that stock can move backwards and move away from that resistance level.

Important Notes for Support and resistance: -

If there were support in the stock market, if they broke and the stock went down, then the support they had now could be the resistance of the stock. In order to see the Resistance level, you can also see the preview support level, below which the stock is trading.

• Similarly, if the stock goes on above the resistance and trade, then the Resistance level will now become the basis of that stock.
• You can decide the Support and resistance level by Trend-Line Draw in the Stock Chart.
• You can also decide the Stop-loss of your trade from the Support and resistance level.
• Stop loss makes you more profitable.
• Resistance Level with Volume If Break Breaks and Move Up.
• Support level if the Volume Break is broken, then it can go down further.

Or if you want to take advice like a stock market tips in commodity, future and option an individual can also receive a recommendation in currency market. According to his individual risk appetite because, in currency derivative an individual can trade with the minimum investment as compare to the equity, commodity and its derivative.

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