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NIFTY 99.92 ▼-0.08% BANKNIFTY 237.56 ▲+0.24% SENSEX 373.39 ▼-0.16% RELIANCE 510.50 ▼-0.10% TCS 646.63 ▼-0.21% INFY 785.44 ▲+0.06% NIFTY 99.92 ▼-0.08% BANKNIFTY 237.56 ▲+0.24% SENSEX 373.39 ▼-0.16% RELIANCE 510.50 ▼-0.10% TCS 646.63 ▼-0.21% INFY 785.44 ▲+0.06%
Notes
Market Notes

Support is an area, not a magic line

Mark the zone where buyers last defended — then wait for proof.

  • Admin
  • 06 Sep 2026
  • 6 min
Support is an area, not a magic line

Beginners draw one horizontal line and treat it as a wall. In class we mark an area: the cluster of wicks and closes where the last swing actually held.

If price tags the zone and the candle structure does not change, the area was a magnet, not a plan. Wait for a close, a failed break, or a clear rejection. A touch is not a reason to size.

Write the invalidation below the area, not inside it. If that distance is too wide for your risk unit, skip the idea. Nothing here is a buy or sell call.

Homework: take one clean index chart and box two areas only. If you need more than two, the map is noisy — drop a timeframe.