DSE Pivot Point Calculator

What are Pivot Points and why use them on DSE?

Pivot points are technical indicators used by professional traders on the Dhaka Stock Exchange to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low, and closing prices from the previous trading day.

Trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.

Popular Pivot Methods for BD Traders

• Standard: The classic method used by most floor traders. Great for identifying broad support and resistance.
• Fibonacci: Uses Fibonacci retracement levels (38.2%, 61.8%) to determine support and resistance. Very popular for stocks like GP, BATBC, and SQURPHARMA.
• Camarilla: A set of eight levels that resemble support and resistance. It is highly effective for intraday traders looking for quick reversals.
• Woodie: Similar to Standard but gives more weight to the closing price of the previous period.

How to Trade using these Levels?

If the stock opens above the Pivot Point (PP), look for buying opportunities at the PP or S1, targeting R1 and R2. If it opens below the PP, look for selling opportunities at the PP or R1, targeting S1 and S2.