Nifty Support and Resistance Lines
Use volume.
Place stop losses.
Use other technical analysis tools.
Buy at support. This is a bullish strategy that involves buying an asset when it reaches a support level. The trader is betting that the price will bounce back up from the support level and continue to rise.
Sell at resistance. This is a bearish strategy that involves selling an asset when it reaches a resistance level. The trader is betting that the price will fall back down from the resistance level and continue to decline.
Place stop losses.
Use other technical analysis tools.
Buy at support. This is a bullish strategy that involves buying an asset when it reaches a support level. The trader is betting that the price will bounce back up from the support level and continue to rise.
Sell at resistance. This is a bearish strategy that involves selling an asset when it reaches a resistance level. The trader is betting that the price will fall back down from the resistance level and continue to decline.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.