What are Supports and Resistances
kundkundtcdigital
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kundkundtcdigital
Ongoing, First published Jul 12
financeresistancesstockmarket
Supports and resistances are two of the most important concepts in the technical analysis of stock markets. They refer to price levels at which the market either finds strong support or encounters strong resistance and in turn, are used to predict potential price movements. These two terms are so important in the stock market because they can provide investors with valuable insights on how to buy and sell stocks. In this article, we will cover the definition of supports and resistances, as well as how to identify them and their benefits. We will also discuss common mistakes to avoid when identifying supports and resistances, and provide a summary of the article.
Starting with the definition of supports and resistances, they can be defined as price points that the market either finds strong support or encounters strong resistance. When the price reaches a support level, it is said to be "supported" and when it reaches a resistance level, it is said to be "resisted". This means that the price is likely to find support or resistance at certain levels and as a result, investors should watch for these levels when analyzing the price of a stock. There are several types of support and resistance that investors should be aware of. For example, there are support and resistance levels, which refer to specific price points that the market either finds support or resistance. In addition, there are range supports and resistances which refer to the price points that the market finds support or resistance within a particular range. There are also trend supports and resistances, which refer to the directional movements of the market and can help investors identify potential trend reversals.
Read More: https://kundkundtc.com/blog/what-are-supports-and-resistances/
#stockmarket,#finance,#Resistances
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