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