Traderji said:
How do you identify/define the support price? If you clarify this I can probably help you.
RESPECTED TRADERJI,
I WOULD LIKE TO DEFINE WITH HELP OF IMAGE ATTACHED.
SUPPORT MEANS
1)PRICE AT WHICH INVESTORS ARE WILLING TO PAY SAY RS 40/- ACCORDING TO CHART.
2)PRICE HESITATE TO FALL THAT LEVEL .
3)ACCUMULATION TAKES PLACE.
4)MOST OF THE TRADING TAKES PLACE AT THAT LEVEL.
SIR ,
I AM ALSO TRYING TO EXPLORE SUPPORT LEVELS WITH HELP OF METASTOCK
BUT YET NOT SUCCEED.
I AM ALSO INTERESTED TO EXPLORE FOR BREAKING OF RESISTANCE LINE AS SHOWN IN CHART.
WAITING FOR YOUR REPLY.