Easiest #StockMarket Strategy | Automatic Support Resistance with #PivotPoints

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