What is the resistance level?

The resistance level refers to a price point from which a stock struggles to move upward. This is a price point where there could be more sellers than buyers, and hence there is resistance to move upward. For traders, the resistance level can serve either as an entry or exit point. If a stock breaches resistance level, it means there is a buying opportunity. And if it struggles at the resistance level, traders can choose to book their profits.


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