"Resistance become support"

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"Resistance become support" Nuvama Wealth Management LimitedNSE:NUVAMASandip_Tanaji_Patil"Resistance become support" describes a technical analysis phenomenon where a previous stock price ceiling (resistance) is broken upward and subsequently acts as a price floor (support). This indicates a shift in market sentiment from selling pressure to buying demand, signaling a bullish breakout where investors buy at the old ceiling, viewing it as a new "fair value"