Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.
Surpassed previous high of 277. Currently facing selling/profit booking at 290. If it sustains above 277 in near term, anticipating 329 by end of the year.
Original analysis and target at
My suggests is Page Industries Ltd Buy shares at the target price of 28850.0. Page Industries Ltd. . The current market price of rupees is 23579.1. Market Expert has fixed its period of 1 year, when Page Industries Ltd The price can reach its set target.
For the end quarter 31-12-2018, the report sold by the company is standalone - Rs 738.32 crores, 6.89% up, last...
Ashok Leyland last day open with 96.10 making hingh 97.75 low 95.60 as well as close with 96.50 if we are following harmonic pattern ashok leyland will be down its a create to pressure at 97.75.
NSE:BATAINDIA is good to short below 1270 with 1330 as SL. Target 1143-1026. It is exhibiting Bearish AB=CD, Yearly Pivot R1, RSI Bearish Divergence, Highest Call OI at 1300 and Dark Cloud Cover Candlestick Pattern.
Charts still not very positive until it crosses 233 level.
Possible short @ current level with stop loss slightly above 233 for a target of 180 level.
Use stop loss
Close above 233 on daily basis will open a Long position for a target above 245 +
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