Banknifty @ 15 min Time frame on 09/01/2024
The reason levels of support and resistance appear is because of the balance between buyers and sellers – or demand and supply. When there are more buyers than sellers in a market (or more demand than supply), the price tends to rise. When there are more sellers than buyers (more supply than demand), the price usually falls.
Alone We Can Do So Little. Together We Can Do So Much.