What is CPR (Central Pivot Range) in Trading?
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1. Understanding CPR
CPR stands for Central Pivot Range, a price-based indicator used to identify potential support and resistance zones.
2. How It Works
- CPR consists of three levels: Pivot, Top Central (TC), and Bottom Central (BC).
- Traders use CPR to determine trend bias and reversal zones.
3. Example Usage
If Nifty opens above CPR, it indicates bullishness, favoring long trades.
Pro Tip: Use CPR with indicators like VWAP and EMA20 for better intraday accuracy.