How to use this Table
• The Closing price is given in the center of the table.
• The two levels to the left of the closing price are the support zones. One should buy dips down into those two levels with the stop loss placed below the second support as shown.
• The two levels to the right of the closing price are the target prices. The first column is the immediate targets during a rise while a rise to the second price target given should be used to take profits on positions.
• Sometimes, prices will quickly break the stoploss levels or the take profit levels. In such cases, it should be concluded that some bigger and more forceful trend is in progress and one should avoid trading against the trend at such times.
• The last column is the Daily Pivot. This can be used as a Trend Indicator for the stock. If prices are above the pivot point then consider the stock to be in a strong position. Vice versa, if the prices remain below the pivot point, then the stock should be considered to be in a weaker position.
• All levels given above are indicative, Readers should use their judgment while taking trades.