{"id":978,"date":"2009-11-17T14:24:20","date_gmt":"2009-11-17T08:54:20","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=978"},"modified":"2009-11-17T14:24:20","modified_gmt":"2009-11-17T08:54:20","slug":"formula-to-calculate-resistance-and-support-levels","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/formula-to-calculate-resistance-and-support-levels\/","title":{"rendered":"Formula to calculate resistance and support levels"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\"><strong>PIVOT POINTS for resistance and support of a particular stock:<\/strong><\/span><br \/>\nKeep in mind that pivot points are short-term, over-night trend indicators, useful for only one day at a time. They need to be recalculated every day using the changing price movement.<\/p>\n<p>When you are coming in with a bunch of calls, you need to study the historical data for each stock, determin the direction of the trend, it&#8217;s strength, buying interest, liquidity, historical supports and resistances (which the pivots R1 S1 etc do not povide), etc etc&#8230;For each of the above there is a combination of indicators that need to be studied, compared and analysed, entry and exit levels determined, and in a progressing trade, trailing stops need to be detemined etc etc etc&#8230;<\/p>\n<h3><span style=\"text-decoration: underline;\"><strong>Formula to calculate resistance and support levels.<\/strong><\/span><\/h3>\n<p>P = (H + L + C) \/ 3<br \/>\nR1 = (P x 2) &#8211; L<br \/>\nR2 = P + (H &#8211; L)<br \/>\nS1 = (P x 2) &#8211; H<br \/>\nS2 = P &#8211; (H &#8211; L)<\/p>\n<p>But for making calls for short, mid, long term trades, do not depend on the formula. Do an in depth study.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PIVOT POINTS for resistance and support of a particular stock: Keep in mind that pivot points are short-term, over-night trend indicators, useful for only one day at a time. They need to be recalculated every day using the changing price movement. When you are coming in with a bunch of calls, you need to study [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[3094,3089,3093,212,3092,3091,3090],"class_list":{"0":"post-978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-general","7":"tag-dailt-nifty-levels","8":"tag-how-to-calculate-resistance-and-support-levels","9":"tag-nifty-levels","10":"tag-nifty-resistance-levels","11":"tag-nifty-support-levels","12":"tag-pivot-points-in-resistance-and-support-levels","13":"tag-resistance-and-support-level","14":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=978"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}