hereunder I am giving the formula for calculating
PIVOT POINTS for resistance and support of a
particular stock:
PIVOT POINT = PP
H = PREVIOUS DAYS HIGH
L = PREVIOUS DAYS LOW
C = PREVIOUS DAYS CLOSE
PIVOT POINT: PP = H+C+L / 3
FIRST RESISISTANCE : R1 = 2PP - L
FIRST SUPPORT : S1 = 2PP - H
SECOND RESISTANCE : R2 = 1PP + H - L
SECOND SUPPORT : S2 = 1PP - H + L
tell me how do u find it?I NEED REPLY FOR THIS ON HOW IT IS WORKING.
DO ADD REPS
PIVOT POINTS for resistance and support of a
particular stock:
PIVOT POINT = PP
H = PREVIOUS DAYS HIGH
L = PREVIOUS DAYS LOW
C = PREVIOUS DAYS CLOSE
PIVOT POINT: PP = H+C+L / 3
FIRST RESISISTANCE : R1 = 2PP - L
FIRST SUPPORT : S1 = 2PP - H
SECOND RESISTANCE : R2 = 1PP + H - L
SECOND SUPPORT : S2 = 1PP - H + L
tell me how do u find it?I NEED REPLY FOR THIS ON HOW IT IS WORKING.
DO ADD REPS