Developing Pivot for NSE Largecap and Midcap Stocks
Source: Niftytrader
| High | Low | Close | Open | ||
|---|---|---|---|---|---|
| Classic | Woodie's | Camarilla | DeMark's | |
|---|---|---|---|---|
| Resistance 4 | ||||
| Resistance 3 | ||||
| Resistance 2 | ||||
| Resistance 1 | ||||
| Pivot Point | ||||
| Support 1 | ||||
| Support 2 | ||||
| Support 3 | ||||
| Support 4 |
Classic Pivots: Most popular Pivot Points.
- Pivot Point (P) = (High + Low + Close)/3S1 = P * 2 – High
- S2 = P – (High – Low)
- R1 = P * 2 – Low
- R2 = P + (High – Low)
Woodie’s Pivots:
- R4 = R3 + (H – L)R3 = H + 2 * (P – L)
- R2 = P + (H – L)
- R1 = (2 * P) – LOW
- P = (HIGH + LOW + (OPEN * 2)) / 4
- S1 = (2 * P) – HIGH
- S2 = PP – (H – L)
- S3 = L – 2 * (H – P)
- S4 = S3 – (H – L)
Camarilla Pivots:
- R4 = (H – L) * 1.1/2 + CR3 = (H – L) * 1.1/4 + C
- R2 = (H – L) * 1.1/6 + C
- R1 = (H – L) * 1.1/12 + C
- S1 = C – (H – L) * 1.1/12
- S2 = C – (H – L) * 1.1/6
- S3 = C – (H – L) * 1.1/4
- S4 = C – (H – L) * 1.1/2
Demark Pivots:
are conditional on the relationship between the close and the open.
- If Close < Open, then X = High + (2 * Low) + CloseIf Close > Open, then X = (2 * High) + Low + Close
- If Close = Open, then X = High + Low + (2 * Close)
- Pivot Point (P) = X/4
- Support 1 (S1) = X/2 – High
- Resistance 1 (R1) = X/2 – Low
Fibonacci Pivots:
- Pivot Point (P) = (High + Low + Close)/3Support 1 (S1) = P – (0.382 * (High – Low))
- Support 2 (S2) = P – (0.6182 * (High – Low))
- Support 3 (S3) = P – (1 * (High – Low))
- Resistance 1 (R1) = P + (0.382 * (High – Low))
- Resistance 2 (R2) = P + (0.6182 * (High – Low))
- Resistance 3 (R3) = P + (1 * (High – Low))
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