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!!