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Easiest #StockMarket Strategy | Automatic Support Resistance with #PivotPoints - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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Today the market will go up or down how much
your favourite stock is going to increase
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or how much is going to break. You open CNBC
Awaaz early in the morning or open Zee business
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and you listen to people's tips and you trade
on tips, better find out yourself. You are
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learning technical analysis and when you can
find out by yourself that is where the market
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will go today.
Today is a Bullish trend or bearish trend,
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then you can make money based on your analysis,
so what are we going to learn today? Today
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we are going to talk about the Pivot Points
Trading strategy, so what are these Pivot
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Points? They give you naturally automatic
levels of support and resistance. Before this,
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you have learned to plot support and resistance,
you have learnt to analyse trends. So if you
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haven't seen the video in which I have taught
the support resistance with basic, then you
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can watch the full video by going to the link
which is coming on the I button. But still,
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let me give you a basic definition.
Let me give you a basic understanding so that
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you will know what is support and resistance.
You see in the market that the price is going
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up but there comes a level from where the
price starts falling, then this is the level
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what the level was. Here you draw a line,
Above a price but I always tell you that it
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is not a line which is support and resistance, it is
a zone, then you assume it as a zone, but
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now if the price went down from one place,
then who was sitting here who brought down
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this price, there were sellers there who booked
profit and pushed the price down and increased
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the supply, because supply is driven by demand
in the stock market. And Similarly, there
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is such a zone below. We plot the line from
where the price bounces back and goes up,
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then who pushed it up. Whoever has given support
to this, then we call it a support zone. You
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draw a line here, but this is the line of
support, here are buyers, who make the price
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jump up, they buy it, whatever the price of
a stock, it goes up, the rate increases.
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Now it is a basic thing in which you can understand
the resistance and support. Now one more thing
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happens. What do you see? It is a baseline,
price starts from here and goes down and goes
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down from here. You have plotted a level of
support already, and you analyze first, after
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that you plot the support and resistance level.
Now we are going to talk about how Automatic
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plotting will be done for you.
So the first support level, we call it S1
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and the first resistance level we call it
R1 and price breaks the support below. So
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that is our next target, that is S2, if it
broke the support then the buyers weaken here.
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Prices have gone down, they couldn't save
the price goes down, then our target will
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be in this zone. It doesn't need to touch
this far, it can go up, but the thing is,
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that it will reach the zone, which is our
next target. If it crosses this too then your
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next target becomes S3, Support3, in the same
way when you see that the price is going up
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and let's say after going up, it comes down
from here. It might even break the line a
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little bit, you think that it broke the resistance,
When it breaks with a big margin then it can
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go up. Otherwise, it is your zone and if it
is not going up from there then your resistance
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there, is very strong and if it broke, then
our next target is R2 and similarly, if it
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broke it then here it becomes R3, so you have
trade with support and resistance in your
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mind, you know that. But how it will automatically
plot for you, you see it here. We have here
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on the chart, see how much has been there.
You can see many lines, that what is it, don't
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worry, we have logged in, in our Demat account,
you can also login in your Demat account this
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is our account on upstox and if you don't
have an account on upstox then I will put
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a link in the description and comment box,
Follow simple steps, your Demat account will
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get open on upstox, after that, we are on
30 minutes on bank Nifty, why we are on 30
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minutes, the longer the time frame, the more
the accuracy we get, what you are predicting in
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the market, so here because you have to predict
with accuracy that where will the market go
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then you are on the time frame of 30 minutes.
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After that, we will also analyze different
timeframes. Now the market has fallen today.
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You can almost see the market from here. The
market opened at 9:15 pm and has been falling
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since then and has broken quite well. Today,
if we talk about Bank Nifty, then it is seen
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falling 400 points. Then it is huge, That's
a lot of difference. If you are doing options
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trading, then you will know that if the market
is bearish, it will go down and if you are
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doing options trading then think how much
profit you can make. If you had bought the
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put, that would be much more beneficial.
But how would you know? Now you will know,
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how do you know, why we are here for 30 minutes?
Your Analysis will be more accurate for you.
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What do you see here now? Just wait for a
while because here you can see alright, now
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what you see, here you have multiple support
and resistance levels. Here I have taken Pivot
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Point's and already placed an indicator. When
you remove the indicator, you will see simple
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candlesticks like this. You see here that
the market was open, a downtrend is going
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on, but you use pivot points for them and
you will go to indicator and you will write
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Pivot Point,
It will come in front of you in this way.
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Different lines will come off support resistance
and you can change their colours
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Just Like I have done, you will see here that
when the market opens and your pivot line
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of white colour, it opens Below it, then the
market gets bearish from it and price goes
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down and it is not an example of bank Nifty.
You open anything, You trade in anything,
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Suppose, If you will see in Nifty instead
of Bank Nifty, then now we come to Nifty.
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I am giving the example, Right now I am on
the indices and we can also search any stock.
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So now when the market gets open when you
are watching the market get open, from where
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it gets open, it opens on the Pivot line.
After that, it went down, so from here you
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have already got the signal of this bearish
trend. If it had opened further from here
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and it would have become a green candle, then
there could have been a bullish trend from
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here. But now you see and how did you get
its confirmation, by Seeing the second candle,
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you saw the second candle and it turned further
down and it broke its support. Now, what we
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taught to you that if
Price breaks the support then what is the
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second target. The second target is that it
will reach its second support. Did this price
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reach its second support? The answer is yes,
it reached. Now it bounced back from here.
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But are we trading now in between, it depends
on how long you are trading. If you are doing
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scalp trading, then you will not do it in
a 30 minutes time frame, You will not trade
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by looking at it. If you are doing intraday,
Here you will know according to the market
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opening, Then you do your trading on the time
frame of 10 minutes or 15 minutes. Let's see,
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nowhere you will see support and resistance
change according to different timeframes.
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Now, what do you see, when the market opens?
Now here, according to this time frame, according
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to 5 minutes, you have seen that it has opened
above, so see how we could have made a mistake.
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That we feel that it has opened above the
pivot line, so what did I tell you that when
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you are going to see the entire trend of the
market, then not for 5 minutes. Then you go
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by 30 minutes, now what do you have to see
if you are trading for a short time and you
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are doing intraday, then you will see at the
timeframe of 5 minutes or 10 minutes. Now
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here you have definitely seen that the market
has opened above the pivot line, but then
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it goes down, that's why 30 minutes. Now what
you see is, that it crossed its support one
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and then the next target is Support 2, then
if it crossed support 2, the next target is
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support 3, exactly market performed in the
same way, what you just learned, then you
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get to know a lot from the Pivot line.
Just now we have seen the Nifty similarly.
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We were watching Bank Nifty and You Can Apply
it on any stock, but before you start trading
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using any Indicator, Don't use just one indicator.
Here MACD is telling you, here MACD is telling
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you that you have already seen that there
has been a crossover and there has been a
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good crossover. And I told you about MACD
that when you see it crossover below your
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baseline then this bearish signal is very
strong then you can use multiple indicators
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to make your analysis more accurate than here.
But you can also use SuperTrend, and we have
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taken it. You can also take moving averages,
so you have learnt multiple indicators. Pivot
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lines tell you the resistance and support
level and this is very important to know what
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the resistance and support levels are. Look,
the price is in the middle of S1 S2 then how
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do we know, If the trend is changing. Depending
on how many minute time frames you are watching.
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If it crosses its support and the support
it crossed, the S1 it crossed, it becomes
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resistance for it. If it crosses the resistance,
then the price will go up. Similarly, if it
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came down by crossing the S2, but it bounced
back from here. Now it bounced back and crossed
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S2, then Price will go up. I have taught it
to you very well and we have made a very big
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video on technical analysis so you can see
it by going to the I button.
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If you understand this video then definitely
share this video because the support resistance
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is plotted for you automatically. It is very
important and it will plot for you with different
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timeframes, so if you find difficulty in plotting
support and resistance, you can use the pivot
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points trading strategy. If you liked this
video then like it and you have questions
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then you can ask in comments,
So many videos are yet to be made for you
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because technical analysis and the stock market
is a big field, it is a humongous field and
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much remains to be learned. And what I told
you, that what you have learned now, analyse
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it on many charts, you analyse 30 to 50 chart's
daily that how much accurate your analysis
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is, not that I am watching this chart and
I start putting money, start always with paper
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trading, I have always told you that don't
put money in the staring because when you
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do paper trading, you don't do with real money,
you write on paper that I have purchased that
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share on that price, and where it is going
according to your analysis, how much benefit
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you got and when you start getting benefit
on paper then you can trade with real money.
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So if you are watching this video on YouTube
then subscribe to it and click on the Bell
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icon so that you can't miss any of such videos,
if you are watching this video on Facebook
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then follow us. I will see you in the next
video. If you have not opened your Demat account,
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there is a link in the description and comment
Box. You can open your Demat account immediately,
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because you need a Demat account for trading
and Investing in the Stock Market. So I will
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see you in the next video till the time you
go self-made.
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