Resistance

What is Resistance

The word resistance itself describe the whole story ,it means to stop something. The different level of resistance stops the stock from moving further upwards . The moment a stock hit the R1 level similar to support it will halt for sometime ,depending up on the trend it will settle in that direction . Either it may go upward or downward . The reason for any stock to move downward from it resistance level is due to heavy sell-off at rising price . Mostly the sellers trade at this level ,it is a trigger point for them .

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