Support Level

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Benzinga  Jul 18  Comment 
$1348.00 - Thursday high $1339.50 - Friday high $1336.00 - Current intraday high as of 2:16 PM $1329.90 - Current price as of 2:16 PM $1323.60 - Intraday low as of 2:16 PM $1322.60 - Friday low $1320.40 - Thursday...
The Economic Times  Jul 18  Comment 
"Avoid TechM as fresh weakness is eminent on the charts as pullbacks are now capped and stock is gearing to move south," says Abhishek Karande, Elara Capital.
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Support level

Support level is the price level, which, historically, a security has had difficulty falling below. Typically, the support level can be thought of as the level at which many buyers tend to enter a security. [1] Support levels are often used in technical analysis.

The original low price level becomes a support area because investors will believe that prices will again rise above that level. [2] This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level. [1]

From 14c., from, bring up, up from under, portare "to carry." Sense of "that which supports" is from 1560s. [2]


  1. Wall Street words: an A to Z guide to investment terms for today's investor By David Logan Scott ISBN-10: 0618176519 pg367
  2. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing By Burton Gordon Malkiel ISBN-10: 0393062457 pg107
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