All you need to know about Support & Resistance in Technical Analysis
Support is price level below the current market price at which buying interest should be able to overcome selling pressure and thus keep the price from going any lower. Resistance is Price level above the current market price, at which selling pressure should be strong enough to overcome buying pressure and thus keep the price from going any higher. Support and resistance analysis is an important part of trends as it can be used to make trading decisions and identify when a trend is reversing. When price drops to a support level, it will go back up. When price rises to a resistance level, it will go back down. Support and resistance levels both test and confirm trends and need to be monitored by anyone using technical analysis.
A stock trader can learn how to work with support and resistance effectively by upgrading his or her knowledge through Technical Analysis course jointly certified by NSE Academy & Elearnmarkets (NSE Academy is a subsidiary of National Stock Exchange of India).
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