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#1
3rd October 2007, 11:52 AM
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How to Find Resistance and Support? Help Needed
Hello Everyone,
I am not too old in this share market... I have just finished a book on tech analysis. Before trying it in the live market I wanted to do some paper trading. The prob is altough i hav understood the method expained in the book but not the simple thing that how to find resistance and support line. What would be the length of line(in days / weeks [while using weekly charts]). Hoping for some help from the masters.... 
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#3
4th October 2007, 02:09 AM
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Re: How to Find Resistance and Support? Help Needed
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but the info'n you gave is already known to me except the pivot or 3-5-7 concept. Actually what i knw or what u gave me is very theoritical... whenever I see a chart, I can never mark the lines... It would be helpful if you can explain following things... 1) What is 3-5-7 concept. 2) If using weekly chart, till how many weeks back I should look for the lows? 3) Some good article or video which can teach this thing step by step tnx in advance
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#4
4th October 2007, 10:35 AM
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Re: How to Find Resistance and Support? Help Needed
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#5
4th October 2007, 10:36 AM
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Re: How to Find Resistance and Support? Help Needed
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#6
4th October 2007, 12:37 PM
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Re: How to Find Resistance and Support? Help Needed
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#7
4th October 2007, 04:33 PM
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Re: How to Find Resistance and Support? Help Needed
Tnx every1 for the replies..
But the link still have only theo. knowledge... It wld b helpful if you can answer this. In a weekly chart, how many weeks shd i consider to find S&R? Same ques for daily charts also, how many days in S&R. Considering the fact that the stock is neither uptread nor downtrend in recent past, say 1 month..
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#8
4th October 2007, 04:42 PM
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Re: How to Find Resistance and Support? Help Needed
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 No offence indeed!
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#9
4th October 2007, 04:47 PM
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Re: How to Find Resistance and Support? Help Needed
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#10
4th October 2007, 04:57 PM
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Re: How to Find Resistance and Support? Help Needed
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Hi Mendi, Study some stocks which are in a down trend and watch those levels where the price has reversed from down to up. Study the volume in these areas. Then go to a next example. In the same way, study stocks which fall from a particular level ie resistance.You will have a good idea of whats happening. s s
Last edited by Linus; 4th October 2007 at 04:59 PM. Reason: typo
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