Fraction Theory Intraday
Fraction Theory is basically used to calculate intraday levels of equity stocks. Following formula is used to calculate intraday levels: Pivot = Previous Day High + Previous Day Low + Previous Day Close X = Pivot * 0.67 ( 0.67 is constant used for fraction theory) Support = X – Previous Day High Possible Buy = X – Previous Day Close Resistance = X – Previous Day Low Now when to buy/sell a…
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