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  Resistance and Support Level for Intraday Trading


Support level for a share is the price level at which the said share finds its support in a falling market. If a share breaks its support level then it falls fast towards its next support level.
Similarly, Resistance level of a stock is a price level at which the said share has resistance in a rising market. If a share successfully crosses its resistance level then another price rally upwards to the next resistance level of the share starts from there.
 
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