BriskTrade

Pivot Points are leading indicators calculated based on today's high, low and close price of a stock or index which provides a glimpse of next trading sessions trading range, in other words, support and resistance for traders to take informed trading decisions. There are quite a few Pivot Points Viz., Classic, Camarilla, Fibonacci, Woodie's, DeMark's and even a Central Pivot Range. Here in this blog, I cover about Camarilla Pivot Points. Camarilla Pivot Points have six support (L1,L2,L3,L4,L5 and L6) and resistance ( H1,H2,H3,H4,H5 and H6) levels. This can be considered as a complete trading system as it not only depicts trading range L3 to H3 but also breakouts above H4 and below L4. Below are the trading strategies associated with Camarilla Pivot Points. If Open price of a Stock is between L3 and H3 -  1) If stock price going up, wait till it crosses H4 for long breakout for target of H5 and H6 with stop loss of H3 2) If stock price going up, crosses H3 but reverses below...

Williams %R is one of the momentum indicator which measures overbought and oversold stocks between 0 and -100 over a 14 day period. Stocks between -20 and 0 are considered overbought on 14 day timeframe and a possible price/trend reversals is expected, i.e., stock price may start gradually moving down in the next trading sessions.  Similarly, Stocks between -80 and -100 on a 14 day timeframe are considered oversold and a possible price/trend reversals is expected, i.e., stock price may start gradually moving up in the next trading sessions.  Traders can initiate short positions on overbought stocks if the price/trend start reversing in the next trading sessions. Similarly, Traders can initiate long (buy) positions on oversold stocks if the price/trend starts reversing in the next trading sessions. Target and Stop Loss is as per individual Traders risk appetite, but usually, Traders keep 2% Target and 1% as Stop Loss.  DISCLAIMER- THE ABOVE CONTENT IS ONLY FOR THE PURPOSE ...

Pivot Points are leading indicators calculated based on today's high low and close price of a Stock to get next trading day's support and resistance levels. These are widely used by the traders for entry and exit into a trade.Unlike Classic Pivot Points, Fibonacci Pivot Points uses Fibonacci ratios to determine support and resistance levels. The most common and widely used Fibonacci ratios are 38.2%, 61.8% and 100% though some traders even use 50% as well. The strategy is simple, if a long (buy) position is initiated near the Pivot Point, the targets would be 38.2%(R1), 61.8%(R2) and 100%(R3). Similarly, if a short (sell) position is initiated, the targets would again be -38.2%(S1), -61.2%(S2) and -100%(S3). DISCLAIMER-  THE ABOVE CONTENT IS GIVEN ONLY FOR THE PURPOSE OF INFORMATION/KNOWLEDGE SHARING BUT NOT FOR ADVISORY. INVESTMENTS IN CAPITAL MARKETS/STOCKS ARE SUBJECT TO PRICE FLUCTUATIONS AND MARKET RISKS. PLEASE CONSULT YOUR INVESTMENT ADVISOR BEFORE TAKING TRADING/ INVEST...