We recommend reading this chapter on Varsity to learn more and understand the concepts in-depth.


Key takeaways from this chapter

  1. S&R are price points on the chart.
  2. Support is a price point below the current market price that indicates buying interest.
  3. Resistance is a price point above the current market price, indicating selling interest.
  4. To identify S&R, place a horizontal line to connect at least three price action zones, well-spaced in time. The more price action zones (well spaced in time) the horizontal line associates, the stronger is S&R. 
  5. S&R can be used to identify targets for the trade. For a long trade, look for the immediate resistance level as the target. For a short trade, look for the immediate support level as the target.
  6. Lastly, comply with the checklist for optimal trading results.

57 comments

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  1. Dr.Pradeep says:

    Want varsity in marathi language.also want best stock market books for indian investors which are beginners in marathi.plz reply

    • Karthik Rangappa says:

      Not sure about Marathi, Dr.Pradeep, will be very tough to get his translated. But will keep this in mind.

  2. Jaisankar says:

    Nifty and bank nifty option

  3. Narendra says:

    I am using Zerodha to trade stocks. I am unable to find support & resistance levels in the charts. How to ensure that i can see them. Please advice.

  4. harsh says:

    THE VIDEOS ARE NOT IN A FRIENDLY LANGUAGE WHERE A BEGINNER CAN LEARN SOMETHING TOO MUCH OF TECHNICAL LANGUAGE WHICH IS DIFFICULT FOR A BEGINNER TO COPE WITH UP

  5. Dr.Sujit says:

    thanks. its really useful

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