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PIVOT POINTS

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PIVOT POINTS  1. What are support and resistance lines? Support and resistance represent key junctures where the forces of supply and demand meet.These lines appear as thresholds to price patterns. They are the respective lines which stops the prices from decreasing or increasing. A support line refers to that level beyond which a stock’s price will not fall. It denotes that price level at which there is a sufficient amount of demand to stop and possibly, for a time,turn a downtrend higher.  Similarly a resistance line refers to that line beyond which a stock’s price will not increase. It indicates that price level at which a sufficient supply of stock is available to stop and possibly, for a time, head off an uptrend in prices. Trend lines are often referred to as support and resistance lines on an angle. www.Furthergrow.in SUPPORT A support is a horizontal floor where interest in buying a commodity is strong enough to overcome the pressure to sell. Support