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In this video, we discussed how to draw Support and resistance for stock trading using different approaches like Trendlines, demand and supply zone and using indicators like pivot points.

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What are Supports and Resistances?
The Synonym for the word support is “Reinforce”. Basically, support can be said to be a point of reinforcement. In other words, supports are those points which act as a barrier for the prices, when they start to come down. They can also be said as points, where the downtrend is expected to be paused. And we should see a new surge in buying and demand. In short, supports are those points, where buyers are more forceful than sellers.

On the other hand, Resistances are said to be the point where the supply increases or the longs start getting out of their positions from the market. Therefore, if we were to carefully analyze, supports and resistances can be said as the point of friction or tussle between buyers and sellers. And Resistances, are those points where sellers have higher say than buyers.

Now, once the level of Supports and Resistances (S&R) are identified, they become the point of entry or exit for the trade. The prices either bounce back or correct back, from S&R level or breach these levels and go to the next S&R.

Characteristics of Supports
Here are the key characteristics of Supports while looking into the charts:

Supports are those points or levels, below which the market finds difficult to fall. They can also be said as a point of infliction between buyers and sellers.
Supports are also the point of Maximum demand from buyers, and even the sellers exit their selling positions from the market.
The buyers have a higher say in deciding the levels of support in the market. These levels can also be said to be the mainstay for buyers.
Supports, if breached, sees a quick sell-off in the market, and then the next level of support becomes a point of contention.
If the levels of support hold in the market, then fresh longs can be initiated, and generally, these trades have good risk to reward ratios.

Disclosures and Disclaimer: We are not a SEBI Registered Investment advisors or research analyst. Investment in securities markets are subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in this video are for educational purposes and should not be construed as investment advice by Trade Brains. Investors should consult their investment advisor before making any investment decision.

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