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| Discuss Support and resistance ? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Can someone please tell me what is Support and Resistance... |
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#1
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Can someone please tell me what is Support and Resistance
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#2
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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. .............................
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#3
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how are the support and resistance levels for a stock determined ?
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#4
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#5
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You can visit Saint's thread which will clear all your doubts about support and resistance http://www.traderji.com/technical-an...-man-fish.html
It will in fact give you much more than what you are asking for. Hope this helps. Abhay |
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