Question
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What is support level?
8 Answers
<p>Support refers to prices on a chart that tend to act as a floor by preventing the price of an asset from being pushed downward. A price level where a downtrend can be expected to pause due to a concentration of demand or buying interest.</p>
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<p>The support level is a price point on the chart where the trader expects maximum demand (in terms of buying) coming into the stock/index. Whenever the price falls to the support line, it is likely to bounce back. The support level is always below the current market price.</p>
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<p>Support price is the price at which you can expect more buyers than sellers. Support level is the price on the chart, when traders can expect a maximum demand for a stock, in buying terms, coming its way.</p>
6 Views
<p>The support level is where a declining stock will find its bottom and then bounce back up. An old resistance level becomes a support when a stock breaks above it and holds above it. A stock can also form support levels when it spends a long time at one level before breaking upward.</p>
5 Views
<p>Support levels are price levels on charts where traders anticipate maximum buying demand (in terms of buying the stock/index). It is likely that the price will bounce back whenever it falls to the support line. It is always below the current market price that the support level exists.</p>
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