The "Zone Of Support" is a term used in technical analysis to refer to a price range where a stock or other financial instrument has repeatedly found support, making it difficult for the price to fall lower. A support level is a price point at which buying pressure has been strong enough in the past to prevent the price from falling further. When the price of an instrument repeatedly finds support at a particular level, that level becomes known as a "zone of support."In technical analysis, zones of support are used to identify potential areas where a stock or other financial instrument may face difficulty in falling lower. Traders and investors may use this information to make more informed investment decisions, such as adjusting their positions or buying the instrument at these levels.It's worth noting that zones of support can be a subject of interpretation and are not necessarily absolute or permanent. Market conditions can change, and the support level that was once a major barrier to further price decreases may become irrelevant in the future.In conclusion, the "zone of support" is a term used in technical analysis to refer to a price range where a stock or other financial instrument has repeatedly found support, making it difficult for the price to fall lower. Zones of support can be used by traders and investors to make more informed investment decisions
