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 ?
2 kms from RuB to Haryana border, package 3 from Haryana border to Basai RoB - 10.
Villagers in Basai blamed the civic agency for lack of maintenance.
Basai says his roof top garden's success is result of his thirteen years' toil.
Tenders are invited for Repairing of 100mm i/d water supply pipe line at near Shani Mandir, Basai Road & Near Boosting Station, Firoz Gandhi Colony under MCG
These residential and commercial multi- storey buildings dotting Dwarka Expressway will suffer immense water woes in the near future as Haryana Urban Development Authority ( HUDA) has no available land for the installation of a pipeline from the Basai water treatment plant to these sectors.
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.