If the price of a stock moves beyond its support and resistance points, it gets new support and resistance lines.
The former is highest point to which the price of a stock may rise in a given time frame, and the latter is the lowest point to which it may fall. You also have to understand the concepts of resistance and support. The most important thing in a stock chart is its trend line, which indicates how the price of a stock rises and falls within a given time frame. But complex stock charting enables traders to implement technical indicators so that they can gain a better understanding of market movements of a particular index or equity. The simplest stock charts display price-related data in the form of a line, which changes from time to time. Stock charts are trading tools that display important stock data such as volume, volatility, and price in the form of a graph.
