Technical Analysts regard it as RESISTANCE line. At other side there is another line. They say it`s SUPPORT line. When I visualize these lines they seem to me more lively elements. Resistance line is nothing but a visual emotion of people who are taking profit from their stocks, or people who are cutting their loss, to enter a safe zone. Similarly, support line is just a graphical view of emotion, expressed by large number of investors, who are buying a promising stock. These emotions, either from buyer of sellers, have a force, and it move the stock`s price. Experienced traders can identify these movements momentum, only if they are alert enough. Most of the time, I think, they might miss the chance. So who is the safeguard? Answer is : the Trading System of technical analysis. Below is a graph of a script, generated by Amibroker, a very powerful Technical Analysis software. With the help of some mathmatical formulas it has generated a nice charts, where Resistance line, Support ...