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 ?
The kites were flown in scattered parts of the city in defiance of the ban at the start of the two-day Basant holiday.
Former provincial minister Basant Lal Gulshan informed Acting Governor Balonchistan about problems of their community in detail.
Bhubaneswar (Odisha) [India], Mar 16 (ANI): Harish Chandra Panda, the nephew of Odisha Bharatiya Janata Party president Basant Kumar Panda on Saturday joined the Biju Janata Dal (BJD).
The minister said four to six months are required to take preventive steps to ensure celebration of Basant in a peaceful manner.Basant festival was banned across the province after throats of several motorcyclists and others were cut with kite flyers' sharp glass and chemical coated strings.
Harking Back: Basant: should it not have 'protected cultural status'?
He indicated that if required new legislation can also be made for strict laws for the holding of basant. He said that four to six months are required for proper preparations of basant in the province and if the relevant institutions work properly.
As far as Basant is concerned it depicts the colours of our country and also provides an opportunity to the family members and friends to get together and enjoy the kite-flying and the unique ambience as well as the delicious food cooked for the special occasion.
From the very start, after the provincial government made a statement in favour of reviving the long-forgotten event of Basant, the behaviour of the authorities was lacklustre in this regard.
Earlier, the Punjab government had announced to lift a ban on Basant festivity and said that the festival will be held in February.
It is pertinent to mention here that Punjab Information and Culture Minister Fayyazul Hassan Chohan announced the government's decision to lift ban on Basant festival on Tuesday (December 18).
This historical cultural festival of Lahore will be revived, andInshallahwe will celebrate Basant in the second week of February," Punjab Information Minister Fayyaz ul Hassan Chohan told reporters on Tuesday.
Muscat: Life is never more fun and colourful than at this time of the year when the people of Pakistan celebrate Basant Festival to welcome the spring season.