In Chart Patterns

Support & Resistance

Support & Resistance

₹499 incl. taxes

Course Tabs - Momentum Trading

The Support & Resistance Made Simple: Find, Confirm and Trade with Confidence

Introduction to Support and Resistance

Technical analysis is based on support and resistance. They are the most important levels where buyers or sellers consistently enter the market and influence the future of prices.

Support acts as a floor, where demand is likely to halt the downward movement of prices. Resistance acts as a ceiling, where supply prevents prices from moving higher.

They might look easy at a glance, but knowing how to properly draw, confirm, and trade them provides one of the greatest advantages in trading.

The Biggest Lessons of Support & Resistance

Recognize strong zones on charts based on highs, lows, and closing prices.
Understand the psychology behind these levels.
Identify the role of volume in validating the strength of support or resistance.
Test zones across multiple timeframes to check their accuracy.
Apply support and resistance across all markets: stocks, forex, crypto, and commodities.

Types of Support & Resistance

Horizontal Levels: Based on historical swing highs and lows.
Dynamic Levels: Moving averages, trendlines, and channels.
Round Numbers (Psychological Levels): 100, 1000, 50000 etc. where traders react strongly.
Fibonacci Levels: Key retracement levels (38.2%, 50%, 61.8%) used by professionals.

The Importance of Support and Resistance

Help in determining clear entry and exit areas.
Provide precise points to place stop-loss and targets.
Indicate whether the market is continuing its trend or preparing to reverse.
Offer high-probability trades when combined with candlestick and volume analysis.

Psychology Behind Support and Resistance

Support: Buyers defend their positions; new traders see value at lower prices.
Resistance: Sellers lock in profits; short-sellers take advantage of overvaluation.
Breakouts: When support/resistance is broken with high volume, it signals strong new momentum.
Fakeouts: Big players sometimes trap retailers with false breakouts before reversing.

Course Structure: Support & Resistance Made Simple

Introduction to the basics of support and resistance.
How to identify accurate zones (highs, lows, closes).
Dynamic support and resistance (trendlines, moving averages).
Confirming levels with volume and multiple timeframes.
Breakout vs Fakeout — how to identify real opportunities.
Combining support & resistance with candlesticks and chart patterns.

By the end of this module, you will not only be able to identify support and resistance, but also know how to use them to make low-risk, high-reward trades with confidence.

Course Preview: Support & Resistance

Right Path of Support & Resistance

Most traders fail because they misinterpret levels or draw them incorrectly. We will take you through a step-by-step process: first learning the basics of support and resistance, then putting the theory into practice in live market situations.

Types of Support & Resistance

Horizontal Levels: Based on historical swing highs and lows.
Dynamic Levels: Trendlines, channels, and moving averages.
Psychological Levels: Round numbers such as 100, 1000, 50000.
Fibonacci Levels: Professional retracement levels.

Trading with Support and Resistance Review

Identify good levels on charts with accuracy.
Confirm levels using volume and multiple timeframes.
Plan entries, exits, and stop-loss using support and resistance.
Apply these concepts in all markets: stocks, forex, crypto, commodities.

Psychology of Trading with Support & Resistance

Support: Buyers defend positions; new traders see value at lower prices.
Resistance: Sellers book profits; short-sellers push the market down.
Breakouts: Strong moves with volume indicate momentum.
Fakeouts: Large players trap retailers before reversing.

We will show how professional traders remain disciplined and only act after levels are verified.

Market Player Psychology

Retailers: Often buy too early at resistance or sell too late at support.
Operators: Create false breakouts to shake out weak hands.
Institutions: Build large positions around major levels and confirm real moves.

The Way We Wish to Work with Support & Resistance

Pre-market preparation: identify key levels.
Confirm levels with candlestick signals and volume.
Place stop-loss beyond support/resistance zones.
Exit with discipline — booking profits or cutting losses.
Daily analysis: review how levels performed in the live market.

This preview will be a live demonstration showing you how the market looks when viewed through the eyes of a professional trader using support and resistance.