Tag: resistance
Trading based on Support and Resistance levels
Support is an area where the prices of any types of assets tend to stop falling. Resistance is an area where the prices of any types of assets tend to stop rising. But knowing just these definitions will not help you in your trading. Traders need more information than these definitions for making trading decisions based on support and resistance. [more]
Master Pitchfork channel to improve your trading experience
Pitchfork developed by Alan Andrews is a trend channel tool consisting of three lines- a center median line and a pair of lines above and below the median line which [more]
A comprehensive study on Support and Resistance
Two of the most basic, yet effective, technical patterns are support and resistance. These events are horizontal trendlines which cause a stock’s direction to reverse. When prices are falling, support [more]
Bank of Baroda: Worst result in bank sector, stock up 19%
Bank of Baroda announced its 3rd quarter results on the 13th of Feb, for FY 15-16. The results were the worst one posted by any bank so far. However, when [more]
Principle of Polarity
PRINCIPLE OF POLARITY The Principle of Polarity states that once a Resistance (Support) level is breached, it changes its nature and becomes Support (Resistance) the next time it is approached. [more]