If a stock holds its position in one of its zones ,then that position become its strong support zone ,it is called support in trading.
If a stock breaks its support zone and forms a new position on the upward size , then its called resistance in trading.
Support and Resistance is very important for trading because any stock is analyzed based on its support and future resistance
If any stock breaks its support then it either goes up or down. If it goes down then it is considered as a bearish stock.
To trade any stock , it is very important to know both support and resistance ,only then you will be able to trade properly
READ MORE STORIES
HOW TO INVEST IN SHARE MARKET 2024
Learn more