On 11th November 2010 SBI between 9.15 A.M. to 9.30 A.M. made high 3238.35 at 9.16 P.M. Low 3214.10 at 9:27 P.M

We have derived the above scrip’s support and resistance using SQUARER 2012 SOFTWARE - PRICE VS TIME SQUARING TECHNIQUE

As per the above data we are advised to buy the scrip at 3223.55 or sell at 3228.873. In that case we need to do recalculation. Here instead of calculating from high and low point we will start calculating from mid point.

The modified calculation table is as follows.  

As per this we are advised to buy at 3235.52 for a final target of 3280.71 and sell at 3216.59 for a final target of 3172.0214.

Trade Outcome :

At 9:34 A.M we got a chance to sell at 3217 and kept a stop loss at 3235.52 as per our above table. On achieving first target of 3214.22 we have moved our stop loss to 3216.59, then upon crossing the second stop loss we altered the stop loss to 3214.4. After touching the low of 3211 at 9:39 A.M  scrip rebounded and hit our stop loss of 3214.4 . We got 3 points in this experiment.
Again we will wait for our next entry point. On crossing 3235.52 at 10:07 A.M we can go for a buy with a target of 3280.71 and stop loss of 3216.59. The scrip got to 3254 at 11:27 A.M which is a 45° angle. People who are waiting for a strong conformation can enter at this level also by keeping a stop loss of 3235.52