GAV Formula for calculating the support and resistance:

 

Support =	Opening price -  Support price range  (i.e. associated with the actual trend line)* degree factor
Resistance=	Opening price +  Support price range (i.e. associated with the actual trend line)* degree factor

Example 3:   In Example2 we have calculated 1X2 trend line support and resistance price range in example 1 I have mentioned the opening price of nifty was 8775. Now we will calculate the 1X2 trend line resistance and support. 1X2 trend line support = 8775-79.7972*0.35416=8746.7390 1X2 trend line resistance   = 8775+88.9799* 0.14583= 8787.9759 Below table has the resistance and support calculation of all GAV trend lines.

				Price
Enter Price range			86.25	8775.00	86.25
	Degree	Degree Factor	Resistance			Degree Factor			support
16X1	86.25	0.48	95.38	8820.70	1X16	86.25	0.48	77.58	8737.83
8X1	82.5	0.46	94.97	8818.53	1X8	82.5	0.46	77.95	8739.27
4X1	75	0.42	94.16	8814.23	1X4	75	0.42	78.68	8742.21
3X1	71.25	0.40	93.76	8812.11	1X3	71.25	0.40	79.05	8743.71
2X1	63.75	0.35	92.95	8807.92	1X2	63.75	0.35	79.80	8746.74
1X1	45	0.25	90.96	8797.94	1X1	45	0.25	81.67	8754.58
1X2	26.25	0.15	88.98	8787.98	2X1	26.25	0.15	83.56	8762.81
1X3	18.75	0.10	88.20	8784.19	3X1	18.75	0.10	84.33	8766.22
1X4	15	0.08	87.80	8782.32	4X1	15	0.08	84.71	8767.94
1X8	7.5	0.04	87.03	8778.63	8X1	7.5	0.04	85.48	8771.44
1X16	3.75	0.02	86.64	8776.80	16X1	3.75	0.02	85.86	8773.21

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