Points To Remember when using Pivot levels
Three most important pivot levels are
Pivot point -P
First Resistance-R1
First Support-S1.
In any MCX Agri Commodity(Cardamom,Cotton,CPO and Mentha Oil) opens above Pivot,its s an indication for Buy, buying trade can be done with Target of two(or) three point below the level of First Resistance(R1) level and keeping the level of Stoploss of first support (S1).Mostly, First level(S1/R1) of Weekly pivot levels can be achieved in a week trading.
In Weekly Pivot levels are useful when MCX market trading in New Range/Levels.Weekly Pivot levels more likely to useful for Trend Reversal/Breakout points.When MCX commodities Market trading in downwards/price falling ,weekly Pivot levels may give prediction of Market s downside point/Support/Trend reversal point.
Pivot Points and Support and Resistance levels behave exactly like any historical Support and Resistance level.Pivot Support and Resistance level are 60-80 % merely correlate with Historical support and resistance.
Supports and Resistances are more helpful for fixing MCX Target and Stop loss. For Target in MCX Buying,Keep Target below Resistance level,In Selling Keep target above Support level.
For Stop Loss Fixing in MCX, Buying in MCX mean Keep Stop loss below Support level,Selling in MCX mean keep Stop loss above Resistance.
MCX Agri Commodities Weekly Pivot Supports and Resistances for July '1-5''2019
Commodity
|
S3
|
S2
|
S1
|
PP
|
R1
|
R2
|
R3
|
CARDAMOM
|
2618.4
|
2693.8
|
2843.5
|
2918.9
|
3068.6
|
3144.0
|
3293.7
|
COTTON
|
20820.0
|
21060.0
|
21300.0
|
21540.0
|
21780.0
|
22020.0
|
22260.0
|
CPO
|
489.3
|
496.2
|
505.8
|
512.7
|
522.3
|
529.2
|
538.8
|
MENTHAOIL
|
1171.4
|
1205.2
|
1226.9
|
1260.7
|
1282.4
|
1316.2
|
1337.9
|
Related to MCX Cotton,CPO,Cardamomand Mentha Oil Price trading:
pivot points calculator,online commodity market watch live,pivot point meaning,zinc support and resistance levels today,action forex pivot points,pivot point trading strategy,shubhlaxmi pivot point,pivot point calculator,pivot point formula,commodity pivot points,automatic pivot point calculator,forex pivot points strategy,mcx weekly pivot point,gold pivot points,daily pivot points futuresshubhlaxmi equity,pivot point trading secrets,pivot point indicator mt4 download,how to use pivot point in intraday trading,forex pivot points strategy,mcx weekly pivot point,nifty 50 pivot points,camarilla levels,big paisa pivot points,how to calculate pivot points in day trading,pivot point formula excel,pivot points forex indicator mt4,pivot point meaning in hindi,daily pivot point calculator,dow jones support levels,daily pivot points futures,commodity pivot point calculator excelshubhlaxmi online,aud jpy pivot points,pivot point calculator for intraday trading,shubhlaxmi nifty pivot,futures trading pivot points,daily pivot points nse stocks,gbp usd support and resistance levels,audchf pivot points,mcx commodity trend today,today mcx,gold mini trend today,nickelmini trend today,livecharts co uk camarilla,big paisa apk download,nse stock futures pivot points,mcx weekly pivot,di crossover (10 d),why do pivot points work,what is r1 r2 r3 in trading,best resistance and support indicator,commodity online cotton,pivot point indicator tradingview,pivot point quora
No comments:
Post a Comment