How to know Resistance, Support and Stop Loss levels for a stock

abhinkoi

Active Member
#1
Dear All,

I am trying to learn TA but feels like I am pretty novice in it. Need help of all the senior members and fellow boarders to know Resistance, Support and Stop Loss levels for a stock or Nifty.

I am using Amibroker and using 3-5 EMA to know buy/sell signal. It works well most of the times but I am not able to understand how to make sure whats the correct resistance, support and SL level.

Please help me knowing this.

Thanks in advance to all of you !

Cheers
Abhinav
 
#2
Hi Abhinav

I dont think there are any absolute levels that are there all the time as far as i know. If they became to known people would trade them earlier and earlier and move them.

I have been thinking of how to find stop levels as well. To find supply/demand levels that are very important
 
Last edited:

abhinkoi

Active Member
#3
Thanks a ton for the messages. I will try this.
Is there anything else we can check by the way.
 
#5
Here a simple formula. You can create it in excel sheet also. You can use daily, weekly or month H,L, and C depending on your investment time frame

Pivot(P) =(H + L + C)/3

---------------------------------------
Resistance Level 1 (R1) =(2*P) - L
Resistance Level 2 (R2) =(P - S1) + R1
Resistance Level 3 (R3) =(P - S1) + R2
Resistance Level 4 (R4) =(P - S1) + R3
---------------------------------------
Support Level 1 (S1) =(2*P) - H
Support Level 2 (S2) = P - (R1 - S1)
Support Level 3 (S3) = P - (R2 - S1)
Support Level 4 (S4) = P - (R3 - S1)
 

trader21

Active Member
#6
Here a simple formula. You can create it in excel sheet also. You can use daily, weekly or month H,L, and C depending on your investment time frame

Pivot(P) =(H + L + C)/3

---------------------------------------
Resistance Level 1 (R1) =(2*P) - L
Resistance Level 2 (R2) =(P - S1) + R1
Resistance Level 3 (R3) =(P - S1) + R2
Resistance Level 4 (R4) =(P - S1) + R3
---------------------------------------
Support Level 1 (S1) =(2*P) - H
Support Level 2 (S2) = P - (R1 - S1)
Support Level 3 (S3) = P - (R2 - S1)
Support Level 4 (S4) = P - (R3 - S1)
Joy da n San u rmbr yesterday's chat.... we were talking upto r2/s2/r3/s3... here there are r4/s4 as well :)
 
D

darsh_goswami

Guest
#7
Dear All,

I am trying to learn TA but feels like I am pretty novice in it. Need help of all the senior members and fellow boarders to know Resistance, Support and Stop Loss levels for a stock or Nifty.

I am using Amibroker and using 3-5 EMA to know buy/sell signal. It works well most of the times but I am not able to understand how to make sure whats the correct resistance, support and SL level.

Please help me knowing this.

Thanks in advance to all of you !

Cheers
Abhinav

Dear Abhinav,..

As Nifty is trading in to the new zone now adays .. Its abit difficult to find out the exact levels of resistance . ya definately u can use fibo levels to guess sup n res.

or u can learn more @ jaykiru's thread...

If any doubts about Nifty.. msg me...

Regards,..
Darsh
 

bunti_k23

Well-Known Member
#9
There r many ways To find Support and resistance levels sum these are as follows,
1- use pivot points
2- use trendlines
3- use fibbonacci retracement levels
4- use gann calculators
5- u cn use candlesticks also to find reversals
And stoploss management is whole diff thing, u cn use 2% rule, or use volatility based sl....gud luck may this lil info help u....
 

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