A line in the technical price chart of a security which is tested by the price but finds it very difficult to cross time and again. This happens due to the profit taking at this level. The supply suddenly increases at resistance level because of which stock fails to rise beyond resistance levels.
It's the common phenomenon in stock market or security's price movement, when the price goes nowhere and stays in between upper resistance and lower support levels, because of profit taking by investors after a large trending move.[click to read more]