Master support and resistance levels - the foundation of technical analysis and price action trading
🛡️
Price level where buying interest prevents further decline. Demand exceeds supply.
Example: Nifty found support at 21,000 multiple times before bouncing back
🚧
Price level where selling interest prevents further rise. Supply exceeds demand.
Example: Bank Nifty faces resistance at 48,000, sellers dominate at this level
🔄
When broken, support becomes resistance and vice versa.
Example: After breaking 17,500 resistance, Nifty now finds support at same level
🧠
Round numbers act as strong support/resistance (18000, 50, 100, 500).
Example: Stocks often face resistance at ₹100, ₹500, ₹1000 due to trader psychology
📊
Recent peaks = resistance, recent troughs = support. Most basic method.
💡 Tip: Use higher timeframes (daily, weekly) for stronger levels
➖
Draw lines where price reversed multiple times. More touches = stronger level.
💡 Tip: Need at least 2 touches to confirm a level
📈
50 EMA, 200 EMA often act as dynamic support/resistance.
💡 Tip: In uptrend, 20/50 EMA acts as support. In downtrend, as resistance.
📐
Connect series of higher lows (support) or lower highs (resistance).
💡 Tip: Steeper trendlines break easier than gradual ones
🔢
38.2%, 50%, 61.8% levels act as support/resistance during pullbacks.
💡 Tip: Works best in trending markets, not in ranging markets
📊
High volume areas create strong support/resistance zones.
💡 Tip: VWAP (Volume Weighted Average Price) popular in intraday trading
⚡
Buy at support, sell at resistance. Works in ranging markets.
📏 Entry: Enter when price touches support/resistance with confirmation
🛑 Stop Loss: Just below support (long) or above resistance (short)
💥
Trade in direction of break. Wait for volume confirmation.
📏 Entry: Enter on breakout or on retest of broken level
🛑 Stop Loss: Below broken resistance (now support) or above broken support
🎭
Price breaks then quickly reverses. Trade the reversal.
📏 Entry: Enter when price re-enters range after false break
🛑 Stop Loss: Beyond the false breakout point
🔍
Check support/resistance on multiple timeframes for stronger levels.
📏 Entry: Best levels where support/resistance aligns across timeframes
🛑 Stop Loss: Based on the higher timeframe level
📏
Treat support/resistance as zones, not exact lines.
📏 Entry: Enter within the zone, not at exact price
🛑 Stop Loss: Beyond the zone boundary
🔄
Trade from previous support (now resistance) or vice versa.
📏 Entry: Wait for price to return and test the flipped level
🛑 Stop Loss: If level fails to hold in new role
⚠️
✅ Focus on major levels only. Too many lines create confusion.
🎯
✅ Support/resistance are zones, not precise prices. Use buffer.
📊
✅ Breakouts need volume. Low volume breaks often fail.
⏰
✅ Don't trade on touch. Wait for reversal candle or breakout close.
📈
For long-term charts, use logarithmic scale for accurate levels.
📅
Weekly support/resistance more reliable than intraday levels.
🎯
Multiple levels converging creates strong zones. High probability trades.
🌊
In strong trends, don't expect perfect bounce at support.
🔧
Combine with RSI, MACD for confirmation. Increases win rate.
✏️
Start each day by marking major support/resistance on your charts.