What are the possible source for resistance and support?

<p id="isPasted">Support and resistance levels are important points in time where the forces of supply and demand meet. These support and resistance levels are seen by technical analysts as crucial when determining market psychology and supply and demand.</p><p>What is support?</p><p>Support is the level at which demand is strong enough to stop the stock from falling any further.</p><p>What is Resistance?</p><p>Resistance is the level at which supply is strong enough to stop the stock from moving higher.</p><p>How to find the support &amp; resistance in the share market?</p><p>Using the support &amp; resistance feature in the Intradayscreener website, you can easily calculate and pick the right stock using the support and resistance indicator. You can find a particular stock's support levels and resistance levels on different time frames, and levels of Adx, Vwap, Rsi, 20 ema, 100sma, 200sma.</p>

<p id="isPasted">Hello there,</p><p>Support and resistance are not a single point on chart. It is an area and these areas change everyday.</p>

<p id="isPasted">There is a lot of support and resistance in the market, but most do not work. Because people do not know which support and resistance will work today.</p><p>We have to filter a lot of data to find these supports and resistors. go and check the magic our support and resistance. these key levels not ordinary or CPR types levels.</p><p>daily educational telegram - Market Ways</p>

<p id="isPasted">Study support and resistance on this page, below.</p><p>Technical Analysis: Introduction | Investopedia</p><p>also check out videos by this guy Rayner he is good.</p><p>Blog | TradingwithRayner</p><p>You will also find a lot of video tutorials on YouTube which will be of help.</p><p>Technical’s will not work 100% of the times, so accept that fact. The market is an unpredictable beast, we use our tools for probability not to predict the future. A bit of loss is part of business, that is the reason we put a stop-loss so that we don’t have a huge loss when a trade does not work out.</p>

<p id="isPasted">Support and resistance levels originate from a combination of market psychology, supply and demand, and observable patterns in price history. Traders identify these key price points using various methods and indicators to make informed decisions about entries, exits, and risk management.&nbsp;</p><p><strong>Psychological factors</strong></p><ul><li>Round numbers: Prices that are round, such as $100 or $50, often act as significant support or resistance levels. This is due to market psychology, as many traders and investors place buy or sell orders at these easily remembered numbers, creating large clusters of orders that can influence price.</li><li>Past performance and memory: Market participants tend to remember previous highs and lows where the price reversed. When the price returns to these levels, traders often take similar actions based on that memory, reinforcing the level through collective behavior.</li><li>Role reversal: A broken resistance level often becomes a new support level, and a broken support level can become a new resistance level. This is because market sentiment shifts after a breakout: former sellers may now regret selling and become buyers, and former buyers may now regret not selling and become sellers. </li></ul><p><strong>Chart patterns and historical data</strong></p><ul><li>Swing highs and lows: The most straightforward way to find support and resistance is by looking at a chart's historical price action and identifying past peaks (for resistance) and troughs (for support). The more often a price has reversed at a certain level, the stronger that level is considered.</li><li>Peaks and troughs: In an uptrend, support is established by higher lows, and resistance is shown by higher highs. In a downtrend, resistance is identified by lower highs, and support by lower lows.</li><li>Trendlines and channels: In a trending market, trendlines can act as dynamic support (in an uptrend) or resistance (in a downtrend). Price channels, or parallel lines, can also show recurring support and resistance zones.</li><li>Consolidation zones: When an asset's price remains in a tight range for an extended period, that price area becomes a significant zone of support and resistance. The high and low of the range serve as temporary resistance and support until a breakout occurs. </li></ul><p><strong>Technical indicators</strong></p><ul><li>Moving averages: These indicators can act as dynamic support or resistance that adjusts with the price trend. For example, during an uptrend, the price may find support at a long-term moving average, like the 50-day or 200-day moving average.</li><li>Pivot points: These are calculated levels based on the previous period's high, low, and close prices. They are particularly useful for day traders to anticipate potential support and resistance levels for the current trading session.</li><li>Fibonacci retracements: This tool uses horizontal lines at specific Fibonacci levels (e.g., 38.2%, 50%, 61.8%) to forecast areas where the price might find support or resistance after a significant move.</li><li>Volume analysis: High trading volume at a specific price level often indicates strong support or resistance, as it signifies a large number of orders were executed at that point. A breakout on low volume, conversely, may be less reliable. </li></ul>