The bottom which at the share values are unable to pierce at this level the shares get buying support called
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Answer:
In the previous part, we explained the importance of price and volume and how to plot these on charts. If you do this for a reasonable period of time, you can spot several patterns emerging. For example, you may notice that a share’s price refuses to fall further and bounces back from a specific level. Similarly, a stock may find it difficult to cross a certain price level on the upside. These points are known as supports and resistances and are one of the fundamental aspects of technical analysis.
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Answer:
Explanation:
In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level.