Pivot Points (classic)

सरल शब्दों में विचार

Floor traders needed levels before the market opened. Yesterday's range gives a central "pivot" and levels above (resistance R1–R3) and below (support S1–S3) where today's price often reacts.

गणना कैसे होती है

Uses the previous day for intraday charts, the previous month for daily charts and the previous year for weekly and monthly charts.

P = (high + low + close) ÷ 3
R1 = 2P − low,  S1 = 2P − high
R2 = P + (high − low),  S2 = P − (high − low)
R3 = high + 2 × (P − low),  S3 = low − 2 × (high − P)

इसका उपयोग कैसे करें

• Price above P: bullish bias for the day; below: bearish.
• R1/S1 are common targets and turning points; R2/S2 for bigger days.

निष्कर्ष निकालना

• Levels are more meaningful when they line up with other support or resistance.

इन बातों का ध्यान रखें

• Widely watched levels can be briefly overshot as stops are triggered.

थोड़ा इतिहास

Used by floor traders on exchange trading floors long before electronic trading.