Support & Resistance Level | Support & Resistance Levels |
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Support Level is
a strong supportive level for a stock which is not broken easily even if the
market is bearish, the stock can also bounce back from the support level. If
the level breaks the stock can easily go and touch next support level in
bearish markets.
Resistance Level
is the upper line for a stock which it cannot cross easily even if the markets
are bullish, if the resistance level is crossed the stock can easily go up and
touch next resistance level in the bullish markets.
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Buy L&T (Larsen & Toubro) with a target of Rs. 2950 cmp Rs. 2590