Step 1 - Simple Moving Averages
Have the 4 most basic and commonly used moving averages - 20, 50, 100, 200.
The moving averages can be used to find support and resistances.
200MA line will be the strongest support line, because if that particular company is good company, investors will tend to enter near 200MA.
For the 20MA - when the price fall/rise too far apart from the 20MA, it usually will act as a magnet to bring the prices closer to 20MA.
The green arrows in the chart below shows the moving averages acting as support and purple is to show the "magnetic field" of 20MA.
Step 2 - Fibonacci Levels
1) Fibonacci Retracement - using the previous trend's lowest & highest point to have a gauge where the support levels might possibly be. Usually the 61.8% (38.2%) level is the strongest region to look out for.
Most recent example will be STI where it consolidate at the 38.2% level shown below.
2) Fibonacci Projections - using 2 immediate lows & 1 high to plot for counters that have no prior history to look for new lows/highs.
Example: F&N was forming new highs which we are looking where to take profits.
It's possible to use Fibonacci Retracment to look for new highs as well - look beyond 100% level (123.6%, 138.2%, etc).
Historical prices will tell us where are the strong support & resistance from the charts.
Sometimes the support will turn into resistance due to a breakdown and vice versa.
Step 4 - Trend line support/resistance
This will be using at least 2 lows or highs to form a support/resistance that should be strong.
Look at F&N chart below. It was on a very strong upwave and was well-supported by the green line.
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