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WealthJot.ai
NSE Closed · 07:32 pm
technical

Support & Resistance

Also known as: support, resistance, support and resistance

Support is a price area where buying has repeatedly overwhelmed selling, so price tends to bounce; resistance is where selling dominates, so price tends to stall. They’re zones of crowd memory and emotion, not exact lines — and a broken support often flips into resistance (and vice versa).