Support and resistance levels are very critical to not only trading in the market but also for investments. So let’s calculate the support and resistance levels.
What is no-trade zone, and how can a retail trader calculate the target levels based on stop loss, support, and resistance. Understand with a live example of Marico India.
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.
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.