Nifty Tuesday (September 26, 2023) CPR and Pivot Points - #niftytrading

Nifty Multiple Timeframe CPR and Pivot Points for Tomorrow Tuesday (September 26, 2023). Nifty Tomorrow CPR and Pivot Point indicator for 1min to 15min, 30min to 4hour, Daily, Weekly and Monthly Timeframe. Previous Day Low and High, CPR and Pivot Points indicator for Nifty Tomorrow. Average Daily Range Low and High for Nifty Tomorrow. Weekly Average Range Low and High for Nifty Tomorrow. Monthly Average Range Low and High for Nifty Tomorrow.

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Pivot points:
Pivot points are a popular technical analysis tool used by traders in financial markets to determine potential areas of support and resistance for the current trading session. Pivot points are calculated based on the high, low, and close prices of the previous trading session, and they provide traders with levels to watch for potential price reversals.

There are several types of pivot points, including:

Standard Pivot Points:
These are the most basic pivot points and are calculated as follows:

Pivot Point (PP) = (High + Low + Close) / 3
Support 1 (S1) = (2 x PP) - High
Support 2 (S2) = PP - (High - Low)
Support 3 (S3) = Low - 2 x (High - PP)
Resistance 1 (R1) = (2 x PP) - Low
Resistance 2 (R2) = PP + (High - Low)
Resistance 3 (R3) = High + 2 x (PP - Low)

Fibonacci Pivot Points:
These pivot points are calculated based on Fibonacci levels and can provide traders with additional levels of support and resistance.

Camarilla Pivot Points:
These pivot points are calculated based on the previous day's high, low, and close prices and provide traders with eight potential levels of support and resistance.

Traders use pivot points in various ways, such as identifying potential entry and exit points for trades, setting stop-loss orders, and determining price targets. Pivot points can also be used in conjunction with other technical analysis tools to confirm potential price movements.

Central Pivot Range (CPR):
CPR is an indicator to identify key price points to set up trades. CPR is beneficial for intraday trading. CPR indicator helps you identify the S&R pattern

Pivot = (High + Low + Close)/3

Bottom Central Pivot (BC):
When the stock or the index is trading lesser than the BC. When the current market price is less than that BC, it implies that there is bearishness in the market, hence look for selling opportunities.

BC = (High + Low)/ 2

Top Central Pivot (TC):
When the current market price is higher than the TC, it indicates that the traders are willing to buy even though the average price is higher. Hence, it would help if you are looking for buying opportunities. Remember, when CMP is higher than TC, the TC now acts as a support line.

TC = (Pivot – BC) + Pivot

Trendline:
A trendline on the Nifty chart can be drawn by connecting two or more significant points on the chart, such as the highs or lows of the index. The trendline can help identify potential support and resistance levels, as well as to help predict future price movements.
Technical analysts often use trendlines on Nifty charts to identify trends and potential turning points. They may also use different types of trendlines, such as linear, exponential, logarithmic, or polynomial, depending on the specific data being analyzed and the trend being identified.

Virgin CPR:
A virgin CPR is when the price of the stock does not touch the CPR lines. It is usually observed that if the price of a stock fails to touch the range the previous day, then there is approximately a 40% chance that the price of the stock will fail to break the CPR range.

Key levels:
Key levels are important price levels that traders and investors may use as potential areas of support or resistance in financial markets. Here are some examples:

1) Support and Resistance Levels: These are levels at which a financial asset's price has historically struggled to move past (resistance) or has found buying support (support). These levels can be important to traders as they indicate potential turning points for the price action.

2) Fibonacci Levels: These are levels based on the Fibonacci sequence, a mathematical concept in which each number is the sum of the previous two. In financial markets, Fibonacci levels are used as potential areas of support or resistance, with traders often looking at the 38.2%, 50%, and 61.8% levels.

3) Pivot Points: These are levels calculated based on the previous day's high, low, and close prices. Pivot points are used as potential areas of support or resistance for the current day's trading.

4) Round Numbers: These are levels that end in round numbers (e.g., $100, $50, etc.). Round numbers can be important psychological levels for traders, as they may act as support or resistance.

Видео Nifty Tuesday (September 26, 2023) CPR and Pivot Points - #niftytrading канала Price Action Trading