What are support and resistance?
Support and resistance are foundational technical-analysis concepts. This explainer covers what they mean and how they are identified on a chart — as a concept, not as advice.
What is support on a price chart?
Support is a price area where a stock has previously stopped falling and turned back up, suggesting buyers tended to step in there. It is an observed level on a chart, not a guarantee that price will behave the same way again.
What is resistance?
Resistance is the mirror image of support: a price area where a stock has previously stopped rising. Chartists treat it as a zone where selling has historically appeared. Like support, it is descriptive of past behaviour, not a forecast.
How are support and resistance identified?
They are read from prior swing highs and lows, repeated reaction points, and round numbers. MintX computes support and resistance levels automatically and draws them as overlays on the price chart so you can see them at a glance.
Does MintX recommend trades based on support and resistance?
No. MintX presents support and resistance as factual chart overlays and summarizes technical stance in plain wording (Strong / Weak / Neutral). It does not provide investment advice. MintX is not a SEBI-registered investment adviser.
MintX is a technology and analytics platform, not a SEBI-registered investment adviser or research analyst. This page explains a concept for educational purposes only and is not investment advice. Any example figures use delayed data. Markets carry risk; consult a SEBI-registered adviser before investing.