ilmscore | Prediction Details
"Now we will read the next topic. What is Support and Resistance SNR One of the most important topics of Price Action Support and Resistance Support What does it mean to support Resistance means pushing. What do you mean, if it's okay to fight I mean support to you in simple words I explain as if there is a share in the former Company P comes back okay so Purva Company The share of which is there again and again Let's go up to 80, say, 100. It went down and then it went back up to 110. Then it came back down, then back up to 90. He went and came back down, but he didn't even come back once. Not going below 80, okay, below 80. Again and again he is taking touch and going back up. The bar went back to 95 then came back down Then it went back up from 80 as if this If the bar goes to 105 then the price here is 80 But the market does not take support again and again He is taking support, what does this mean? It is not going below this price. and then collides with it and goes back up from where it was He also bumps into it and goes up again and again. support level says okay support level They say and from where he collides again and again goes down which I'm going to draw you guys I will show you if this was the chart. It was like this, then like this, then like this, like this, like this Then I believe this and again I believe this now If I explain it to you people like this, they won't understand. I will explain it to you with numbers. I feel like it is ₹ this is ₹ It is like 75 This is 80 This is ₹ Again this is 0 This is ₹ It's like again ₹ this ₹ 00 that again and again crashing back down from where it came from The market collides with it and goes down. called resistance and from where the market takes support If it repeatedly goes up, it is called support. This happened, the market came crashing down. It went up, it became support and from where The market crashes and falls in a second Yes, from here the market crashed and came down. This is resistance support, meaning floor. Resistance means ceiling if you throw the ball down Throw it and whatever happens to the ground, happens. Your support because hitting the ground It will go back up, take the example of the ball. That's a great example in my mind, friend. Just come, this is the ball, this is the ground below it. Throw it will hit and go back up right ball When thrown down, it will bounce back up. If it goes there, it will hit somewhere and go back up. He is being called support And similarly if the ball is thrown upwards it will hit the ceiling. There must be something on the rooftop, right? It will hit back at the top of your house. If it comes down, it hits where it falls. That's called resistance, okay, I get it."
By Trade with Purab | September 28, 2024 | Pending
From video
ULTIMATE PRICE ACTION COURSE 🔥 - 3 Hours Non-stop 📈 | Trade with Purab 01:09:13 - 01:12:23
Interpreted Prediction
Support levels are prices where the market repeatedly bounces up after falling, indicating buying interest preventing further decline. Resistance levels are prices where the market repeatedly falls after rising, indicating selling pressure preventing further increase. These act as floors and ceilings for price movements.

Prediction Details

Topic
Support and Resistance Levels

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