- Usage of resistance and support levels
- Used to figure out entry and exit points
- Use support levels to buy or accumulate.
- If support levels break and prices fall further, revisit Macro Analysis and Fundamental Analysis before making a call whether to sell, hold or accumulate
- Use resistance levels to sell or book profits
- Large caps or fundamentally good stocks dont move suddenly by 20%+ in a short time. If there’s any such movements, wait before taking a call.