Support Level

The Times of India  9 hrs ago  Comment 
USA-OBAMACARE/RYAN (PIX, TV, REPEAT):RPT-US Speaker Ryan dented by healthcare debacle, but keeps support
The Economic Times  Mar 25  Comment 
Supports will come in at 9,035 and 8,970 levels. The RSI on the weekly chart stood at 67.5726 and it was neutral, showing no divergence from the price.
The Economic Times  Mar 24  Comment 
India has submitted a detailed proposal to the World Trade Organization (WTO) to negotiate a trade facilitation pact in services.
MarketWatch  Mar 24  Comment 
Treasury yields declined on Friday, cementing their second-straight weekly drop, as recalcitrant House Republicans handed President Donald Trump his first major political defeat by refusing to support his bill to repeal and replace Obamacare.
BBC News  Mar 24  Comment 
Extra help is needed if the industry is to survive after Brexit, a senior figure in the sector warns.
The Times of India  Mar 24  Comment 
EUROZONE-GREECE/BAILOUT-PM:Greece says to support Rome declaration, calls for EU backing on labour reforms
The Hindu Business Line  Mar 24  Comment 
SpiceJet today said it will support a no-fly list to bar unruly flyers who are a safety hazard for not just the crew but even the travelling public. "The government needs to act on this soon....
The Hindu Business Line  Mar 24  Comment 
US President Donald Trump warned House Republican lawmakers that he will leave Obamacare in place and move on to tax reform if they do not get behind new healthcare legislation and support it in a vo...
DailyFinance  Mar 23  Comment 
Filed under: Entertainment, TV, Late Night On Wednesday afternoon, a terror attack shook London's Westminster area directly outside the Houses of Parliament and Big Ben. That evening, British late night host James Corden dedicated a portion of...


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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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