Support and Resistance theroy and praticals

Support and Resistance theroy and praticals free download

Support resistance, Price Action , Pivot points , Fibonacci ,Stock selection criteria

This course tell for support and resistance to apply in stock market for trader and investor.

I will tell strategies with their defined set of rules that you can apply for you to get used to trading with support and resistance.

Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.

1. Support resistance- Basics

2. Trading stragtegies with Support resistance

-Support resistance finding

-View on closed candles

-Trading set up on support and resistance

-Understanding the various Entry Methods of Support and Resistance

-Range bound trading strategies

-Breakout trading strategy

-Understanding Retest Strategy using Support and Resistance

- Live trade to understand support and resistance

3. Pivot points, Fibonacci

4. Stock selection criteria

5.   Trading Psychology  and qualities of good trader

Support resistance:

Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand. When these support or resistance levels are broken, the supply and demand forces that created these levels are assumed to have moved, in which case new levels of support and resistance will likely be established.

Support

Support is the level at which demand is strong enough to stop the stock from falling any further. In the image above you can see that each time the price reaches the support level, it has difficulty penetrating that level. The rationale is that as the price drops and approaches support, buyers (demand) become more inclined to buy and sellers (supply) become less willing to sell.

Resistance

Resistance is the level at which supply is strong enough to stop the stock from moving higher. In the image above you can see that each time the price reaches the resistance level, it has a hard time moving higher. The rationale is that as the price rises and approaches resistance, sellers (supply) become more inclined to sell and buyers (demand) become less willing to buy.