What is Support and Resistance ?
A Thread 📌
⏫Support is an area for price , where it halts due to demand of the stock at that price .
⏬Resistance is an area for price ,where it halts due to Supply of the stock at that price .
🔄RETWEET AND SHARE !
1/n
A Thread 📌
⏫Support is an area for price , where it halts due to demand of the stock at that price .
⏬Resistance is an area for price ,where it halts due to Supply of the stock at that price .
🔄RETWEET AND SHARE !
1/n
How to Draw S/R ?
You can use Any time frame for Drawing S/R and it works on all time frames .
Whenever the Price Reverses from an area for more than 2 times that area can be called as S/R .
You can use Line Tool Or Rectangle tool to plot this on charts .
2/n
You can use Any time frame for Drawing S/R and it works on all time frames .
Whenever the Price Reverses from an area for more than 2 times that area can be called as S/R .
You can use Line Tool Or Rectangle tool to plot this on charts .
2/n
Types of Support Resistance
1. Horizontal
2. Moving Averages
3. Trendline
4. Psychological Numbers (100 , 200 etc)
3/n
1. Horizontal
2. Moving Averages
3. Trendline
4. Psychological Numbers (100 , 200 etc)
3/n
Reversal of Polarity .
Whenever Resistance Breaks , it tends to act as support and Vice Versa .
4/n
Whenever Resistance Breaks , it tends to act as support and Vice Versa .
4/n
What is Breakout/ Breakdown ?
✅Whenever Resistance Breaks , it is know as BREAKOUT.
✅Whenever Support Breaks , it is know as BREAKDOWN.
🛑One should check all other parameters like , Volume , relative Strength etc while trading these.
5/n
✅Whenever Resistance Breaks , it is know as BREAKOUT.
✅Whenever Support Breaks , it is know as BREAKDOWN.
🛑One should check all other parameters like , Volume , relative Strength etc while trading these.
5/n
BREAKOUT/BREAKDOWN FAILURES:
Sometimes the Support Will also break and , Resistance will not Act support .
These Scenarios cant be avoided by anyone :)
6/n
#StockMarket #threadbyJk #investing
@kuttrapali26 @rohanshah619 @Puretechnicals9
Sometimes the Support Will also break and , Resistance will not Act support .
These Scenarios cant be avoided by anyone :)
6/n
#StockMarket #threadbyJk #investing
@kuttrapali26 @rohanshah619 @Puretechnicals9
Loading suggestions...