TrendTalk

Support and Resistance Part-2 #Tradingview #Trading

教育
NSE:BANKNIFTY   Nifty Bank Index
Topic- Support and Resistance Part-2

Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts.

Prices move because of supply and demand. When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium.

Like many concepts in technical analysis, the explanation and rationale behind technical concepts are relatively easy, but mastery in their application often takes years of practice.

KEY TAKEAWAYS
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Support and resistance areas can be identified on charts using trendlines and moving averages.

Welcome To TrendTalk,
|| Join For Live Updates ||
Message me on Whatsapp -
(+91) 93157 69237 and
Mail - Trendtalksus@gmail.com and
Telegram - @Trendstalks
// Here we Share Market Update 24/7
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。