Pivot, Resistance & Support Level

Pivot, Resistance & Support Level Analysis

Lets understand about Pivot, Resistance & Support (The three Pillers of Chart Analysis).

Pivot, Resistance & Support

  • Yellow doted line is a Pivot Line.
  • Upper Purple Line is a Resistance Level.
  • Bottom Purple Line is a Support Level.
  • This Pivot, Resistance, Support, Yesterday High & Yesterday Low.....all levels help you to understand the Trend of the Stock.
    There are some rules to understand that....

    Rule 1: Market Goes Up :

    If the market opens above the Pivot Level & below the Resistance Level or Yesterday High with Green Candle. Its target is next upper level that is Yesterday High or Resistance Level.


    Pivot, Resistance & Support

    Rule 2: Market Goes Down :

    If the market opens below the Pivot Level & above the Support Level or Yesterday Low with Red Candle. Its target is next lower level that is Yesterday Low or Support Level.


    Pivot, Resistance & Support

    Rule 3: Resistance level pushing down the market to next lower level :


    Pivot, Resistance & Support

    Rule 4: Support level pushing up the market to next upper level :


    Pivot, Resistance & Support

    Rule 5: Unpredictable Market:

  • Case 1 : If the market opens above the Pivot Level with Red Candle then avoid trading on such conditions.
  • Pivot, Resistance & Support
  • Case 2 : If the market opens below the Pivot Level with Green Candle then also avoid trading on such conditions.
  • Pivot, Resistance & Support

    Rule 6: Breaking Yesterday High in Downward direction.


  • Case 1 : In this condition market will touch the pivot level
  • Pivot, Resistance & Support

    Rule 7: Breaking Yesterday Low in Upward direction.


  • Case 2 : • In this condition market will touch the pivot level
  • Pivot, Resistance & Support
          
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