ICICIBANK 30Min levels (S/R)# we mark Support and Resistance on the charts so you can check..
Identify Support Levels
Definition: Support levels are price points where the stock has historically had difficulty falling below, as buying interest tends to increase at these levels.
Steps to Identify:
Historical Lows: Look for recent low points on the chart where the price has bounced back up.
Horizontal Lines: Draw horizontal lines at these low points to mark potential support levels.
Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction.
3. Identify Resistance Levels
Definition: Resistance levels are price points where the stock has historically had difficulty rising above, as selling interest tends to increase at these levels.
Steps to Identify:
Historical Highs: Look for recent high points on the chart where the price has reversed downwards.
Horizontal Lines: Draw horizontal lines at these high points to mark potential resistance levels.
Recent Data: Check if the price has recently touched or approached these levels and whether it reversed direction.
