It is very safe to trade with support resistance but when we learn to trade we forget it after learning it or we are not interested in using it. But the use of support and resistance is very important in trading. Many of us run after strategy and forget or ignore the use of support resistance. The market always respects support and resistance or breaks out and moves in an up or downtrend.
I urge new trades to learn to draw support resistance with great care and observe the market to see the results for yourself.
How can people analyse the market and make the decisions without knowing the support level? People who trade based on technical analysis will keep that in their mind but its not always good thing because the resistance level can be broken at any point. We can minimize huge loss using stop loss feature but not much benefits other than this.