Are stocks more responsive to support/resistance than index?

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lemondew

Well-Known Member
#1
#1
Started trading a list of stocks recently on consistent basis. Earlier used to trade only indexes. Heres what I observed in this expiry.



Bank nifty has an earlier high of 21650. We recently broke it.Its cooly sitting on the resistance now
 
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L

lemondew

Well-Known Member
#3
#3

Lupin had a support of 1400. Break down failure the next 3 days it hit at 1460 or a 4% move




LT. Breakouts have been strong and quick
 
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L

lemondew

Well-Known Member
#5
#5
My views are restricted to this expiry. But this expiry makes me believe that stocks have obeyed the support resistance theory better than indexes.

Have in the past stocks too been sitting on support/resistance without a move on either sides like indexes have this expiry. Would like someone else who have been trading stocks and indexes to comment on this one.

Or this phenomenon is due to fact that indexes are weighted averages and have no underlying to buy and sell...

Also can we conclude that stocks are more likely to bounce or break the S/R with strong moves thereby making it better choice for trade on either sides with respect to S/R theory
 
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