What is pivot points in stock market trading?
Hello friends lets understand one more Topic. What is pivot points in stock market trading? Pivot points are a technical trading tool used to identify support and resistance levels. They are based on the concept of "support" and "resistance". Pivot points are one of the most popular indicators in forex trading. They are used to identify potential turning points in the market and make predictions about future price movements. Some traders use pivot points as a way to forecast upcoming price movements while others use them as a way to enter or exit the market. Pivot points plays a crucial role in stock market trading. It is calculated based on the previous day trading session data like high, low and close price of the instrument. Pivot point calculation gives the pivot point, three support points & resistance points of the instrument for the next trading session. With the help of pivot points, we can predict the price movement of an instrument whether the price w