AXIS BANK 30 Min levels (S/R)
# we mark Support and Resistance on the charts so you can check..
Support Levels:
Definition: A support level is a price point where a stock tends to stop falling and may even reverse direction. It represents a level where buying interest is strong enough to outweigh selling pressure.
Identification: Support levels are often identified by looking at historical price charts where the stock has previously bounced back up after hitting a certain price level.
Role Reversal: Once a support level is breached, it can become a new resistance level.
Resistance Levels:
Definition: A resistance level is a price point where a stock tends to stop rising and may reverse direction. It indicates a level where selling pressure outweighs buying interest.
Identification: Resistance levels are found by analyzing historical price charts where the stock has previously fallen back after reaching a certain price level.
Role Reversal: When a resistance level is broken, it can turn into a new support level
Support Levels:
Definition: A support level is a price point where a stock tends to stop falling and may even reverse direction. It represents a level where buying interest is strong enough to outweigh selling pressure.
Identification: Support levels are often identified by looking at historical price charts where the stock has previously bounced back up after hitting a certain price level.
Role Reversal: Once a support level is breached, it can become a new resistance level.
Resistance Levels:
Definition: A resistance level is a price point where a stock tends to stop rising and may reverse direction. It indicates a level where selling pressure outweighs buying interest.
Identification: Resistance levels are found by analyzing historical price charts where the stock has previously fallen back after reaching a certain price level.
Role Reversal: When a resistance level is broken, it can turn into a new support level
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( Contact Number - +91 76782 40962 )
(Mail - Empirecrowntrade@gmail.com)
(Telegram - @Empirecrowntrade)
(whats app code - wa.link/tjaycw )
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