Decoding Charts

It’s about interpreting the underlying market structure and recognizing the behaviour of price through volume, momentum, and time. 

The purpose of posting blogs under the “Decoding charts” category is to help traders understand when to take the right decision based on the right combination of technical, fundamental, and quantitative analysis.

Mazdock

Nifty Midcap 150

Basic Industry: Ship Building & Allied Services

Institutional Holdings Increased

Entry around: 2924

Target 1: 3104 

Target 2: 3205

The chart should help you read and analyse the stock’s movement through price fluctuations.

Probability check of Nifty 50

The Market is uncertain. The market is not controlled by any individual investor.

Before trading with real money, consider practicing paper trading to familiarize yourself with the process.  To learn more about position sizing and where to place stop-loss orders, please visit our blog post on Risk and Trade Management. We hope our blog will help you kick-start paper trading with a clear understanding of the importance of placing stop losses and effective position sizing.

Whether you are a beginner or a seasoned trader, StatStock is here to support your growth, enhance your strategy, and help you build wealth — one calculated trade at a time.