A pivot point is a simple average of the high, low and closing prices of the previous trading period. There are many commonly accepted pivot point calculation formulas.
Stock’s price may move in such a manner that they should be avoided for trading (you may consider investments). Such a price range is termed as no trade zone.
On October 20, 2011 I showed How Crucial Support Levels can be? and today I will explain How Crucial Resistance Levels Can be?
In my post How Much I Lost in Current Market Crash I have shown that support levels for Neslte India and Camlin were breached. Let us observe their charts today and see how they have done.
How to Calculate Support and Resistance Levels as well as stop losses for the stock based on chart patterns taking example of MIC Electronics India limited.
Why support is so important and why it acts as resistance when broken with examples and charts to help you understand technical support and resistance for any stock.