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Notes Technical Analysis - 9

Support levels are price points where a security finds support as its price moves lower, bouncing back up from these levels. Resistance levels are price points where a security is unable to move higher, finding resistance. Together, support and resistance levels help identify trends and potential trend reversals in securities prices.

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32 views1 page

Notes Technical Analysis - 9

Support levels are price points where a security finds support as its price moves lower, bouncing back up from these levels. Resistance levels are price points where a security is unable to move higher, finding resistance. Together, support and resistance levels help identify trends and potential trend reversals in securities prices.

Uploaded by

Sona Gavde
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Trends & Trend Reversals

• Support & Resistance :-

Support: - Support level is a price level where the price trend to find support as it is going
down.

Prices of which shares bounce back is known as support level.

Resistance: - Prices at which shares high not meet support level than it is known as resistance.

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