how to find support and resistance level of stock and market.what is the formula

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pradeepraju_1i

New Member
#2
#2
Hi, i am not aware of any formula which exactly predicts the Support and Resistance. But you can use 50,100,200 CLOSE Simple Mov Avg. They almost always provide the support and resistance. Plot them in any chart and you will notice. Also, dont forget to analyse in multiple time frames. If you want a bit advanced suggestion, also use 10 HIGH and 8 LOW Simple Moving Avg. Experts call it MAC(Moving Average Channel).
 
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