An ry ba Co - \ a ny crore « st 117.0) (ce ACADEMY cS ba Cs cy Oe a SF So Paces atAmong all the aspects of technical analysis, the most important concept is support and resistance. Many other aspects of technical analysis are based on this enough concepts. Hence before proceeding further, we first need to understand this concept thoroughly. ¢ Support and Resistance are the important price points on the any share the chart of any security at which the share is expected to the se attract the maximum amount of buying or selling. 99404657391. what is support: ¢ Support level or zone ultimately gives us the reference point where the most repetitive buying (demand) has happened in the past and is likely to happen again in the future. It is an important technical level from market participant's point of view. 2.How to Plot Support Level or Support Zone: The following steps are to be followed to correctly plot the support level or support zone. 1. Look at the historical price data. 2. Identify extreme lows. 3. Mark all the low touch points. 4. Connect all the touch point. 9940465739 |Example 1: single support level ii (a ki wn i" Hilal "iy ! i) * i, | ! I thExample 2: multiple support level fi out \/" i | ith yd ; ! 2000 + + i |i / Vaal ha iy a Mh she eeExample 3: support level zone oh hy anf i i , May 7 | s a df tr li iTExample 4: multiple support level zones1. what is Resistance: ¢ Resistance level or zone ultimately gives us the reference point where the most repetitive buying (supply) has happened in the past and is likely to happen again in the future. It is an important technical level from market participant's point of view. 2.How to Plot Support Level or Support Zone: The following steps are to be followed to correctly plot the support level or support zone. 1. Look at the historical price data. 2. Identify extreme high. 3. Mark all the high touch points. 4. Connect all the touch point. 9940465739 |Example 1: Single Resistance level [Resistance line| I, ‘yr i Py \, np “i \ "yl vi \ ,Example 2: Multiple Resistance levels Wh a | \ \ | " i. vn ‘Example 3 : Resistance zone v Ui kd | i " Ay | r i if avy 4 \y/ ie ™ ha rh ? hay | M ;Example 4: Multiple Resistance zoneExample 1: support and Resistance level i _ in Pte wy hi M ¥ | WhatExample 2: support and Resistance zoneResistance Turned support f ulin hw |Support Turned resistance"Develop a passion for learning. If you do, you will never cease to grow." meso