Charts & technicals
What is Pivot points?
Also called: Pivot, R1, S1
Hinglish mein padhein: Pivot points kya hote hain?
Pivot points are support (S1–S3) and resistance (R1–R3) levels calculated from the previous session's high, low and close.
The classic pivot P = (high + low + close) ÷ 3; R1 = 2P − low; S1 = 2P − high. Intraday traders use them as reference levels.
Because many traders watch the same levels, price often reacts around them.
Related terms
- Support and resistanceSupport is a price level where buying has repeatedly stopped a fall; resistance is where selling has repeatedly capped a rise.
- OHLCOHLC stands for open, high, low and close — the four prices that describe a stock's trading in any period, from one minute to one year.
- Intraday tradingIntraday trading means buying and selling the same stock within one trading day, so no shares are delivered to your demat account.