gbp inr November pivot point levels

pound rupee future major support and resistance zones for nov series

support and resistance
Monthly technical levels
Resistance 2101.75
Resistance 1101.15
Month pivot point level100.22
Support 199.65
Support 298.72

How to use Pivot points for practical trading ?

  1. If security trading above its pivot level then expect uptrend for period and expect resistance zones as upside target and reversal points on chart for that period.
  2. In this scenario stop loss must be below pivot level.
  3. If security trading below its pivot level then it is in downtrend for that period and expect support zones as targets as well as reversal points for that period .
  4. Here stop loss for short positions will remain above pivot point level.
  5. Entry should be near support or resistance for better risk and reward ratio.
  6. exit strategy will be at will or at target.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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