Support And Resistance

Support and Resistance Levels for Intraday Trading can be calculated easily using the provided information. Finding a Support level (S1, S2, S3, S4) and Resistance levels (R1, R2, R3, R4) in 5 mins, 15 mins, 1-day time frame, and levels of ADX, VWAP, RSI, 20EMA, 100SMA, 200SMA for a particular stock be tricky sometime but not now.

Do check this tool and apply the required filters for accurate results. For the best intraday technical analysis follow more. 

S3 S2 S1 Last Price R1 R2 R3 Volume Vwap Adx RSI 20 ema 100 sma 200 sma
123.77 126.56 129.39 PNB 133.1 ▲(3.78%) 138.06 141.02 144.0 35433311.0 127.62 18.27 50.59 129.54 109.64 89.05
742.56 749.39 756.25 SBIN 766.1 ▲(2.09%) 777.02 784.0 791.02 10742790.0 744.83 17.62 49.39 756.13 682.83 633.03
244.14 248.06 252.02 RBLBANK 258.25 ▲(1.61%) 264.06 268.14 272.25 9836772.0 248.9 15.84 53.64 250.91 260.09 243.59
1660.56 1670.77 1681.0 KOTAKBANK 1696.55 ▲(1.47%) 1711.89 1722.25 1732.64 6985732.0 1664.75 23.63 48.13 1672.83 1763.34 1771.76
141.02 144.0 147.02 CUB 151.85 ▼(1.33%) 156.25 159.39 162.56 804936.0 153.27 24.27 52.18 153.35 144.78 140.71
169.0 172.27 175.56 BANDHANBNK 181.15 ▲(0.86%) 185.64 189.06 192.52 39967997.0 182.18 14.51 42.43 184.61 204.63 218.3
248.06 252.02 256.0 BANKBARODA 261.4 ▼(0.57%) 268.14 272.25 276.39 15495372.0 263.02 13.37 48.72 263.81 254.39 228.01
600.25 606.39 612.56 AUBANK 624.35 ▲(0.43%) 631.27 637.56 643.89 1763279.0 621.72 21.25 49.50 625.31 647.28 683.94
1434.52 1444.0 1453.52 HDFCBANK 1464.1 ▲(0.26%) 1482.25 1491.89 1501.56 17344779.0 1452.77 24.58 43.83 1480.23 1505.87 1537.59
1378.27 1387.56 1396.89 INDUSINDBK 1412.35 ▲(0.26%) 1425.06 1434.52 1444.0 5654683.0 1406.47 30.39 37.39 1450.73 1522.86 1484.1
70.14 72.25 74.39 IDFCFIRSTB 77.2 ▲(0.19%) 81.0 83.27 85.56 45561836.0 77.03 20.49 38.75 78.94 82.2 85.64
1113.89 1122.25 1130.64 AXISBANK 1141.35 ▲(0.18%) 1156.0 1164.52 1173.06 10722280.0 1131.52 16.89 60.22 1118.61 1088.1 1048.27
153.14 156.25 159.39 FEDERALBNK 163.85 ▼(0.15%) 169.0 172.27 175.56 7507146.0 163.53 19.54 60.77 160.19 153.12 148.96
105.06 107.64 110.25 CANBK 113.8 ▲(0.09%) 118.27 121.0 123.77 82599722.0 115.28 36.24 8.22 461.47 525.58 448.25
1097.27 1105.56 1113.89 ICICIBANK 1130.5 ▼(0.05%) 1139.06 1147.52 1156.0 14142421.0 1126.8 14.1 57.40 1119.65 1056.68 1008.43

What Is Support and Resistance In The Stock Market? 

In the stock market, support and resistance levels play an important role in deciding Entry, Exit, and Stop loss. Support means a level at which the stock price will not continue to decrease usually. In such conditions, the stock price is anticipated to move in the opposite direction (which means trend reversal).  

During the support level, the claim from buyers is more than sellers. When it comes to the resistance level, the stock price doesn't rise any higher usually and the demand from sellers is more than from buyers.

You can easily find the support and resistance levels in the stock market by using various tools such as ours. Below, you're going to learn about the features available in the support and resistance tool. 

Know About The Features Present In The Online Support and Resistance Tool

Traders can determine the stock's Support levels S1, S2, and S3 for the day, and Resistance levels, R1, R2, and R3, for the day together with other features called Symbol name, Last Price, Volume, OI, VWAP, ADX, RSI, 20 EMA, 100 SMA, and 200 SMA in the Nifty support and resistance level tool. Get detailed information about all these features from the following points:

Symbol: It is nothing but the stock symbol name that lets you see the complete data about the stocks.
Support Level (S1, S2, S3,): This determines and results in the level at which the stock price won't fall further often.
Resistance Level (R1, R2, R3,): You can find the level at which the stock price can't rise any higher usually.
Option Chain: You will obtain a graphical summary of the present Option positions of the stock.
ADX: It is a technical index that represents the trend of a selected stock. In case the value of ADX is below 25 then it has a weak trend and if it is higher than 25, has a strong trend. For sorting like low to high value or high to low value, press on it.
RSI: It is one more technical indicator that shows the condition of the stock. If it is above 70, this counts as overbought, and when it is below 30, reviewed as oversold.
VWAP: The full form of VWAP is Volume Weighted Average Price, it deems the volume of data in their computing. When the share price crosses beyond VWAP, it indicates bullish movement and when it is below VWAP, indicates bearish movement. When the share price breaks out the VWAP Line, it denotes the uptrend and vice versa.
20 EMA: It serves as a dynamic support or resistance. It represents the stock trend if that is bullish or bearish as against the previous 20 days.
100 SMA: It works as a dynamic support or resistance. It represents the stock trend that is bullish or bearish as against the past 100 days.
200 SMA: It represents the stock trend if that be bullish or bearish as against the past 200 days. It works as a dynamic support or resistance.
Volume: It relates to the total number of shares traded during its daily open and close time.
OI: OI stands for Open Interest. It is a number that shows how many futures or options contracts are right now running great in the market.

How Do We Use Support and Resistance in Trading?

  • Initially, you should open the support and resistance tool in Paisaalgo.
  • Later, choose a stock by noticing the nifty resistance and support level.
  • Now, recognize the trend of the chosen stock in a daily timeframe.
  • The stock trend must be equal to the Nifty for higher accuracy in the trade.
  • Note down the support and resistance levels of the selected stocks that you obtain with the help of our tool.
  • According to the above result, you can make a decision to buy or sell position.
  • When the stock has broken its resistance level, means buying the stock, and if it has broken the resistance level, means selling the stock.
  • At any time trend direction could be reversed or continued near the support and resistance in stocks. Hence, take care during trading and let the candle close properly beyond the resistance or below the support before taking any action.

To learn more about the same and other technical analysis to perform intraday trading, just look at our site @paisaalgo.com and grab so many free online calculators like Best Intraday Stocks, Moving Average Crossover, Gift Nifty, and more.

FAQs On Support and Resistance Trading Strategy

What is the law of support and resistance? 

In case the price increases above a resistance level, the level becomes support. In case the price falls below a support level, the level becomes resistance. As long as the price moves past a level of support or resistance, estimates indicate that supply and demand have shifted, driving the breached level to reverse its position.

What are the types of support and resistance?

There are three types of support and resistance levels available in trading. They are: 

  1. Fixed Support and Resistance Levels
  2. Dynamic Support and Resistance Levels
  3. Semi-Dynamic Support and Resistance Levels

How do you find support and resistance levels?

You can explore a few approaches to determine support and resistance levels in the markets. They are listed below: 

  • Peaks and Troughs
  • Pivot points
  • Fibonacci Levels
  • Trendlines
  • Moving average
  • Ketner Channels

Which time frame is best for support and resistance levels? 

There is no specific time frame to determine support and resistance levels. Trading people can research the time frame as per the selected trading style and strategy. 

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