Base

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Base

A technical analysis tool. A chart pattern depicting the period when the supply and demand of a certain stock are in relative equilibrium, resulting in a narrow trading range. The merging of the support level and resistance level.

Base

In technical analysis, a situation in which the support level and the resistance level are roughly the same for a given (usually long) period of time. That is, a base occurs when a security trades only in a very narrow range. A base indicates that the supply and demand for a security are at an equilibrium. This means that the security is unlikely to be bullish or bearish in the near future.
References in periodicals archive ?
Villagers in Basai blamed the civic agency for lack of maintenance.
The Basai road has been closed since morning and traffic has been diverted to other connecting roads.
An SDE rank officer of HUDA told Mail Today ( on the condition of anonymity) that the land adjacent to Basai water treatment plant falls under sector 101.
Basai unrhyw un a fu yno yn gallu tystio i'w awyrgylch tanbaid ac i'r ffaith bod y 7,000 a mwy oedd yno wedi mwynhau eu hunain i'r eithaf.
Tenders are invited for providing and instt 3 nos tubewell 2 nos tubewell against abandoned and 1 no additional tubewell in village basai distt mohindergarh
The Munda Khera booster station is connected with Gurugram canal and NCR channel to the city's two treatment plants, Basai and Chandu Budhera, respectively.
Basai, 64, a retired official from the food corporation of India, is the proud owner of a roof top garden, which is located twenty-five feet above the ground.
They also came in pretty late, only around the last week of November.." Dookia also reported ' confused behaviour among the birds' saying that they were ' frequently flying out to nearby wetlands of Basai and Sultanpur'.