CONCEPT OF SUPPORT & RESISTANCE EXPLAINED WITH HELP OF IGPLHello everyone, my name is shubham Katiyar and I have tried my hands on explaining support and resistance with the help of IGPL chart.
Basically, what I have tried to explain here is the moment of candles and how these candle behaves on support and resistance zones & the time frame which I have opted is three months time frame.
The larger time frame always draws and defines the clear movement of candles the volume also indicates a clear picture and the moment of candles.
After 3 M TF, we have also discussed on monthly time frame and on monthly time frame what we have seen here is the candle rebound from minor support Zone that is 400 levels and now we are approaching towards the major resistance level. However still 100 Point movement is left in nearby future what we can expect in IGPL is whenever this upcoming resistance level gets broken, we can expect of good movement which can have the possibility to touch 4 digits numbers for IGPL
