Support and Resistance in Trading Stocks, Indices – Importance
Now we Cover here are below important must know elements in Trading Stocks
- Support and Resistance Defined
- The Basics on how they are calculated
- Moving Averages
- Other Indicators
Significance of Support and Resistance Zones
Support and resistance levels are used by technical analysts to identify price points on a chart where the odds favour a pause or reversal of a prevailing trend.
Trading level support and resistance are undoubtedly two of the most hotly debated aspects of technical analysis. These terms are used by traders to refer to price levels on charts that act as barriers, preventing the price of an asset from being pushed in a particular direction.