Support and Resistance

The best way to identify the target price is to identify the support and resistance points. The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling.
The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.

On a standalone basis, traders can use S&R to identify trade entry points as well.
resistance is something which stops the price from rising further. The resistance level is a price point on the chart where traders expect maximum supply (in terms of selling) for the stock/index. The resistance level is always above the current market price.
The resistance is one of the critical technical analysis tools which market participants look at in a rising market. The resistance often acts as a trigger to sell.
support is something that prevents the price from falling further. The support level is a price point on the chart where the trader expects maximum demand (in terms of buying) coming into the stock/index. Whenever the price falls to the support line, it is likely to bounce back.
The support level is always below the current market price. There is a maximum likelihood that the price could fall until the support, consolidate, absorb all the demand, and then start moving upwards.
The support is one of the critical technical level market participants look for in a falling market. The support often acts as a trigger to buy.

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More from @vishnuagarwal04

25 Apr 20
जब मोदी जी @narendramodi ने 14 अप्रैल को कहा कि 20 अप्रैल से लॉक डाउन में छूट दी जाएगी तब तो किसी ने इसका विरोध नहीं किया, किसी ने इसको सबका विश्वास से नहीं जोड़ा.

जब 15 अप्रैल को गाइडलाइन जारी हुई तब भी किसी ने कुछ नहीं कहा, किसी ने इसको सबका विश्वास से नहीं जोड़ा.
जब ई कॉमर्स को छूट देने की बात सामने आई तो सब बड़ा उछल उछल कर कह रहा था कि सबकी दुकान खोली जाए, केवल ई कॉमर्स को ही छूट क्यों दे रहे, सबको दें.

फिर 19-20 अप्रैल को स्पष्टीकरण आया कि ई कॉमर्स के जरिए केवल आवश्यक वस्तुओं को बेचने/खरीदने की छूट होगी.
फिर 21 अप्रैल को सरकार की तरफ से दिशनिर्देशों में स्टेशनरी, बिजली, मोबाइल रिचार्ज, कृषि संबंधी आदि व्यवसाय को लॉक डाउन से छूट दी गई तब तो किसी ने इसको सबका विश्वास से नहीं जोड़ा, किसी ने इन छूटों का विरोध नहीं किया!

यहां तक तो न कोई रमजान था न कोई अन्य त्योहार.
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Quarantine effect on Chartered Accountants at home during Corona lockdown

I have realised our home & kitchen is the most mismanaged place.

Following anomalies have been observed :,
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2. There is no budgeting documents.
3. There is no indexing of products.
4. No bin cards were displayed.
5. No Annual, monthly or quarterly stock taking has been carried out.
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7. No procedure of Inventory valuation
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11 Apr 20



(Must Read)
(Share With Your Loved Ones)

1. Not every girl wants to get married by 23. So before you ASSUME she's of marriageable age, ask her what her views on marriage are.
One hint, might save you the drama- just because she does not want to get married now does not mean she never will. She has other plans for herself right now, let her live a little.
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Why I say believe your PM @narendramodi #9pm9minutes

Please read....
How stupid PM is to decide to ask to switch off lights exactly 9:00 to 9:10 pm ; when accidentally

1. The space station exactly passed on Indian space at that duration which will collect the rich data
2. Two dozens of US and Russia high-resolution imaging satellites sweeping through the country exactly that time

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6 Apr 20
इसीलिए मैं कहता हूं कि अपने पीएम पर विश्वास करो @narendramodi #9pm9minutes

कृपया पढ़ें.......
पीएम को रात 9:00 से रात 9:10 बजे तक लाइट बंद करने का फैसला करने के लिए कितना बेवकूफ है; जब गलती से

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And said do not even bring the idea of ​​war to mind, for the time being.

Narayan Astra slowly calmed down when its time expired.

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Read 7 tweets

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