What is the use of 'Support & Resistance' option in the FYERS 2.0 App?
Support and resistance are the two fundamental concepts in technical analysis. The support range prevents the price of a stock/contract from falling, acting as the support, whereas the resistance range prevents the price from going higher. The 'Support & Resistance' option helps the users to check out all the price levels of support and resistance.
For instance, the Support & Resistance of SBIN is displayed as below:
Related Articles
What languages does the Fyers App support?
The Fyers App offers a diverse range of language options to cater to our varied user base. The supported languages include English, Hindi, Kannada, Tamil, Telugu, Marathi, and Gujarati. This multilingual support is designed to enhance accessibility ...
Will the Fyers app support Android 9 and older versions?
Unfortunately, the Fyers app will no longer support Android version 9 and below. Google has ceased security updates for these versions, and to ensure optimum security and performance for our users, we've had to make this decision. Implications for ...
What is 'Intraday' option in FYERS?
The 'Intraday' option in FYERS allows you to place buy and sell orders that must be squared off within the same trading day. It applies to both equity and derivatives segments. Key points: Use 'Intraday' if you plan to buy and sell stocks or ...
How to use advanced scale options on charts in Fyers App?
The TradingView chart in FYERS offers several advanced scale options to enhance your charting experience. These options include "Lock Price to Bar Ratio," "Scale Price Chart Only," "Invert Scale," and "Auto (fits data to screen)." Here’s how to use ...
How can I use the CPR Indicator?
Central Pivot Range (CPR) is one of the prominently used indicators by day traders that helps you to identify the important price levels to set up trades. CPR can also be used to understand or predict the trends in the market. The major concept ...