Trading
Support Level
Support is a price level where buying interest is strong enough to prevent further decline. It acts as a floor for prices.
Example
NIFTY has strong support at 21500 level.
Related terms
Resistance Level
Resistance is a price level where selling pressure is strong enough to prevent further rise. It acts as a ceiling for prices.
Technical Analysis
Technical analysis studies past price movements and trading volumes to predict future price movements. It uses charts, patterns, and indicators.