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.
