Hello @kartik,
This can be nearly done by setting a new variable as a flag to break iterating:
{% set break = false %}
{% for post in posts if not break %}
    <h2>{{ post.heading }}</h2>
    {% if post.id == 10 %}
        {% set break = true %}
    {% endif %}
{% endfor %}
An uglier, but working example for continue:
{% set continue = false %}
{% for post in posts %}
    {% if post.id == 10 %}
        {% set continue = true %}
    {% endif %}
    {% if not continue %}
        <h2>{{ post.heading }}</h2>
    {% endif %}
    {% if continue %}
        {% set continue = false %}
    {% endif %}
{% endfor %}
Hope it helps!!