Aapne yeh baat to suni hogi "history repeats itself" …. Suna hai na? Stock market mein bhi history very often repeats itself. Support price iss theory pe based hai. Intraday trading mein profits paane ke liye support price ka concept samajhna important hai.
Support price trader ko apna buy price ya entry price decide karne ke liye sahayta karta hai. Support price concept ke saath it is also necessary to understand the concept of resistance price. Jaise support price entry price fix karne mein sahayta karta hai, ussi tarah resistance price helps the intraday trader to fix his exit price yaani ke sell price.
Support price aur resistance price technical analysis mein istimal kiya jata hai aur log in ko support level aur resistance level naam se bhi refer karte hai.
Iss podcast mein hum support price aur resistance price concepts sikhege with a focus on to use support price in intraday trading.
Support price aur resistance price ke basic definition samajhne ke liye, imagine kijiye ek kamra. Kamra ka cchat is the resistance price… zameen support price ko represent karta hai. Ab imagine karo ek lego set jis se aap ek lamba sa roller coaster track assemble kar rahe ho.
Jitna lego pieces ek ke upar ek dal denge,roller coaster track ka height cchat se lamba nahi bana payega. Similarly the track cannot go any lower than the floor. Now imagine that the roller coaster track is instead a stock graph.
Ab definition samjhna thoda aashan rahega. Support price, yaani ke support level, is the lowest level that a stock price usually falls to while resistance price, yaani ke resistance level, is the highest level a stock price will ever rise to.
Jab koi stock apne support price … yaani ke lowest level ...me pahuch jata hai to usually demand uss time me bad jata hai. Jab zyaada log stock khareedne lagte hai, stock price automatically increase ho jata hai. Similarly resistance jab koi stock apne resistance price me pahuch jata hai toh demand kam ho jata hai aur corresponding decrease in price in most cases ho hi jata hai.
Toh kaise jan lenge ki a stock has reached its support price ya resistance price? Support price aur resistance price levels me stock price movement kam ho jata hai. Plane kabhi takeoff karta hai, kabhi land hota hai aur kabhi kabhi almost ek hi height mein hi hover karta hai ki nahi? Ussi tarah the stock price tends to hover at support at resistance levels. Stock graph flatten ho jata hai bol sakte ho lekin not exactly … balki, it is more like the stock price is hesitating about going up at the support price (or down at the resistance price).
Ek example use kar ke easy explanation deta hu.
Kartik apne intraday trading ke liye ABC Pharmaceuticals company mein interested hai.. Woh iss stock ko apne Angel One watch list mein almost ek saal ke liye rakhta hai. Dhyaan se stock price ko follow kar ke notes bhi banaya hai. Isse istimal kar ke Kartik apna buy price aur sell price set karna chahta hai.
Kartik ne dekha hai ki picchle 12 maheeno mein ABC Pharmaceuticals stock has traded at anything between Rs 405 and Rs 495 per share.
April 2019 mein ABC pharmaceuticals ka stock price Rs 460 per share tha.
May maheene mein price Rs 480 per share tak increase ho gaya.
June tak price Rs 495 tha.
September mein price Rs 405 tak price drop ho gaya tha.
October tak price Rs 438 tha
Lekin December mein stock vapas 495 hogaya.
Jan 2020 mein ABC pharmaceuticals ka stock price raha Rs 440
Dubaara February mein price Rs 405 tha.
Isse Kartik ashani se jan leta hai support price Rs 405 hai aur resistance price Rs 495 hai. Woh isse baaki technical indicators aur charts se compare kar ke apna decision confirm kar leta hai…
Aur phir apna buy order limit for ABC Pharmaceuticals Rs 405 pe set kar leta hai. Jab price increase ho jata hai, Kartik woh stock ko increased price pe bech ke profits kama sakta hai.
Jab maine concept introduce kiya maine bola tha ki corresponding price difference in most cases ho jata hai. Yaani ke koi certainty nahi hai - history repeats itself is a theory not a fact and similarly support price batata hai ek probability lekin not certainty about the lowest possible buy price.
Stock ka past price ek accha khasa indicator hai lekin yeh aapko price ke baare mein koi 100% sure guarantee nahi de sakta hai.
Kartik ne support aur resistance price ke saath dusre indicators aur charts ko bhi check kiya before fixing buy and sell price. Aapko bhi moving averages jaise indicators aur minute charts ko check kar ke apna buy order limit aur apna sell order limit set kiya. Angel One app me aapko on-the-go technical charts aur indicators mil jayegi.
Kartik ne research ke sath bahut time bitaya tha to follow the stock graph.
Aap expert advice ka istimal kar ke bhi profits pa sakte ho. Angel One app me aap bahut saare experienced traders rahte hai. Yeh experts ke paas sirf knowledge nahi balki tools aur research teams bhi hai. Inke yeh saare advantages intraday traders ko profits paane ke liye zyaada mauke deta hai.
Toh dost are you ready to practice daily dedication and research in order to figure out support price?