The website marketbhavishya.com was very popular in India, and Singapore especially during the financial turmoil in 2008 – 2009. Marketbhavishya was very accurate in finding the trading levels in various stock market including BSE, NSE and SGX. Mraketbhavishya stunned everyone with some outstanding support and resistance level prediction. Here in this post we are bringing you the formula for support and resistance that will help you to find levels in stock markets.
This formula is in Excel sheet which is very easy for you to enter the current levels and find the next support and resistance levels in stock market trading. Fellow bloggers, kindly excuse us in writing this off-topic post.
If you have any doubt, please feel free to ask by commenting here or using out Contact Us form. Also, if you have any sort of new working formulas, please send us. We will publish with your name and photo.
This formula is for finding out Crucial levels, Support levels, Resistance levels of stocks for a trading day. Everyday evening you should update it. Calculate this formula once the market is closed. These levels are applicable for the next day trading. Consider all end values as positive values. We have received opinions from some readers that this formula can be used during trading also. Waiting to hear more success stories about that.
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