resistance in trading | support and resistance trading strategy #tamilsharemarket #yagathstocks

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1. Identify swing highs and lows in the price chart. A swing high is a point where the price has peaked and started to drop, while a swing low is a point where the price has bottomed out and started to rise.

2. Draw a horizontal line through each swing high and low. These lines represent potential areas of resistance and support.

3. Look for areas where multiple lines intersect, as these are likely to be stronger levels of support and resistance.

4. Use trendlines to connect multiple swing highs or lows to form channels or trendlines. These can also act as support and resistance levels.

5. For more advanced technical analysis, you can also use moving averages, pivot points, and Fibonacci retracements to identify additional levels of support and resistance.

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