Pivot Point Calculator
Pivot Point Calculator
Calculate daily support and resistance trading levels.
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Classic Pivot Point Calculations
Calculates daily intra-day support and resistance levels using previous session high, low, and close values.
Worked Example: Previous High: ₹510, Low: ₹490, Close: ₹500
Pivot Points: Using institutional floor price support levels
Deepak, an intraday trader, calculated pivot levels for the index using the previous day's high (₹510), low (₹490), and close (₹500).
He found the central Pivot Point at ₹500, Resistance 1 at ₹510, and Support 1 at ₹490. He used these levels to execute buy orders at Support 1 and sell at Resistance 1.
Pivot points are intra-day technical indicators calculated from previous session prices, acting as key support and resistance lines.
Pivot levels are highly respected by institutional trading desks, making them self-fulfilling price turning points.
Frequently Asked Questions
What are Pivot Points?
Pivot points are predictive technical indicators that use the previous day's high, low, and close prices to calculate support and resistance levels for the current trading day.
Are pivot points better for day trading or investing?
Pivot points are primarily used by day traders and high-frequency trading algorithms to find intraday turning points and breakout levels.
What happens if a stock opens above the main pivot point?
If a stock opens and stays above the central pivot point, the sentiment for the day is generally considered bullish.
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