Support and resistance ?

Can someone please tell me what is Support and Resistance

Re: Support ans resistance ?

hi ,

You will usually come across these terms used in the stocks.
Support - The Troughs or reaction lows r called support.The term is self-explanatory n indicates that support is a level or area on the chart under the market where buying interest is sufficiently strong to overcome the selling pressure. As a result, a decline is halted and prices turn back up again.

Resistance- It is opposite of support and represents a price level or area over the market where selling pressure overcomes buying pressure and a price advance is turned back..............................

how are the support and resistance levels for a stock determined ?

See chart.

ss

You can visit Saint's thread which will clear all your doubts about support and resistance http://www.traderji.com/technical-analysis/6072-teach-man-fish.html

It will in fact give you much more than what you are asking for.

Hope this helps.

Abhay