Every trader wants to make huge profit from share market, thus he uses various tools and techniques to make best out of it. There are numerous tools which help traders in share market trading and pivot point is one of them.
A pivot point is a technical analysis indicator which is used to settle on the overall trend of the market over different time frames. The pivot point is simply the average of the high, low and closing prices from the previous trading day.
Trading above the pivot point is considered to be bullish sentiment, while trading below the pivot point is bearish sentiment. A pivot point is a reactionary price level and considered as a price support level.
A pivot point at a higher price than the underlying share is considered a price resistance level. Share Price tends to pause or deflect when a pivot point is initially tested.
When a pivot point breaks, it forms a trending price move towards the next pivot point and so forth. You can also trade by taking help of pivot point to make huge returns out of it.
You can also take help of experts to learn and understand it. Money Classic Investment Advisers is the leading company providing share market tips to the traders so that they trade effectively. We offer authentic share market tips to the traders.
No comments:
Post a Comment