Support Price:
A support is a horizontal floor where buyers are buying in full swing and sellers are not
interested to sell any more.
Support is a point where demand is more than supply.
Support puts an end to a further down trend.
Support exists at a point where bulls are more aggressive than bears.
Bears pull back
and buying grey zone gets created.
This region is called Support Zone.
Traders try to look for buy trades in support zone.
Resistance Price:
A resistance is a horizontal ceiling where sellers are selling in full swing and buyers are
not interested to buy any more.
Resistance are points where supply is more than
demand.
Resistance ends further up trend.
Resistance exists at a point where bears are more aggressive than bulls.
Bulls pull back
and selling grey zone gets created.
This region is called Resistance Zone.
Traders try to look for sell trades in resistance zone.
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| Bharti Airtel Hourly chart |
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