S&R.

Every stock moves in between its resistance & support. Some time it breaks its resistance/ support.

BERGEPAINT – support at 224.00 & resistance at 240/242.

BASF       - support at 613/608 & resistance at 640/645.

BALKRISIND - support at 277/272 & resistance at 288/290.

CADILAHC   - support at 709/704 & resistance at 768/773.

CUMMINSIND - support at 421/416 & resistance at 448/453.

PFIZER     - support at 1157/1152 & resistance at 1280/1285.

These are few examples. After braking its R or S it enters into new zone, for example if BALKRISIND trades well above 291 then 288 will become its support and 304 will be its resistance.

Mahesh Sawerdekar.