1000 days ago, I started learning about Support & Resistance.

Here are 10 pointers from Support and Resistance that'll get you started in the next 3 mins: 🧵

Collaborated with @AdityaTodmal

1/ Understanding Support and Resistance:

• Support levels indicate where there will be a surplus of buyers.

• Resistance levels indicate where there will be a surplus of sellers.
• When the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.

• When the price continues up again, the lowest point reached before it started back is now support.
2/ What is a Support:

• Support is the level at which demand is strong enough to absorb the supply.

• The price is likely to bounce back and moves up in the opposite direction.

• Support is a level where the demand from buyers is expected to be much higher than sellers.
3/ What is a Resistance:

• It is the opposite of a support level.

• It is a price point (ceiling) at which the stock price is not expected to rise any higher.

• Resistance is a price point at which there are more sellers than buyers in the market for a particular stock.
4/ Can support become a resitance and vice-versa:

• When the price passes through resistance, thereafter erstwhile resistance could potentially become support.

• Similarly, when prices pass through the support, thereafter erstwhile support could become a resistance.
5/ What happens when a Support or Resistance is tested multiple times:

• The more times S/R is tested, the weaker it becomes.

• When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken S/R had been holding.
6/ How to trade using support-resistance logics:

• S/R logics can be used by bot breakout traders as well reversal traders.
7/ How to trade breakouts using S/R logics:

• Buy when the price breaks up through resistance with recent swing low as the SL.

• Sell when the price breaks down through support with recent swing high as the SL.
8/ How to trade reversals using S/R logics:

• Buy when the price falls towards support.

• Sell when the price rises toward resistance.
9/ Not exact numbers but always a zone:

• One thing to remember is that support and resistance levels are not exact numbers, they are always a zone.
10/ Practice is the key:

• You won't be able to define S/R in the live market unless you practice in the past charts.

• To train your eyes, you need to practice this across different time frames, and then you bare eyes could finally spot them.
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தொல்லை இரும்பிறவிச் சூழும் தளை நீக்கி
அல்லல் அறுத்து ஆனந்தம் ஆக்கியதே – எல்லை
மருவா நெறியளிக்கும் வாதவூர் எங்கோன்
திருவாசகம் என்னும் தேன்

1.எப்போது ஆரம்பித்தது என அறியப்படமுடியாத தொலை காலமாக (தொல்லை)

2. இருந்து வரும் (இரும்)

3.பிறவிப் பயணத்திலே ஆழ்த்துகின்ற (பிறவி சூழும்)

4.அறியாமையாகிய இடரை (தளை)

5.அகற்றி (நீக்கி),

6.அதன் விளைவால் சுகதுக்கமெனும் துயரங்கள் விலக (அல்லல் அறுத்து),

7.முழுநிறைவாய்த் தன்னுளே இறைவனை உணர்த்துவதே (ஆனந்த மாக்கியதே),

8.பிறந்து இறக்கும் காலவெளிகளில் (எல்லை)

9.பிணைக்காமல் (மருவா)

10.காக்கும் மெய்யறிவினைத் தருகின்ற (நெறியளிக்கும்),

11.என் தலைவனான மாணிக்க வாசகரின் (வாதவூரெங்கோன்)

12.திருவாசகம் எனும் தேன் (திருவா சகமென்னுந் தேன்)

முதல்வரி: பிறவி என்பது முன்வினை விதையால் முளைப்பதோர் பெருமரம். அந்த ‘முன்வினை’ எங்கு ஆரம்பித்தது எனச் சொல்ல இயலாது. ஆனால் ‘அறியாமை’ ஒன்றே ஆசைக்கும்,, அச்சத்துக்கும் காரணம் என்பதால், அவையே வினைகளை விளைவிப்பன என்பதால், தொடர்ந்து வரும் பிறவிகளுக்கு, ‘அறியாமையே’ காரணம்

அறியாமைக்கு ஆரம்பம் கிடையாது. நமக்கு ஒரு பொருளைப் பற்றிய அறிவு எப்போதிருந்து இல்லை? அதைச் சொல்ல முடியாது. அதனாலேதான் முதலடியில், ஆரம்பமில்லாத அஞ்ஞானத்தை பிறவிகளுக்குக் காரணமாகச் சொல்லியது. ஆனால் அறியாமை, அறிவின் எழுச்சியால், அப்போதே முடிந்து விடும்.

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