Thesupport and resistance levels are calculated using a mathematical formula that takes into account the previous day’s high, low, and close prices. Pivot points represent mathematical averages and psychological barriers in the market. A stock lingering just below a pivot point suggests that bearish sentiment is strong, placing pressure on the support level. If the price breaches this pivot point upwards, it can become a resistance level where traders might set profit targets or assess the strength of the market’s bullish sentiment. These levels could also act as decisive factors for trend reversals,...