Mobikwik made a stellar Dalal Street debut yesterday, December 18, as the stock was listed with nearly 58% premium to the issue price. However, the stock exhibited significant volatility today, reflecting investor activity and potential profit-booking. Despite opening on a positive note, the stock saw a sharp decline during the latter half of the trading session.
Using Upstox Pro’s TBT (Tick-By-Tick) Charts, traders can identify such price fluctuations with precision over other brokers. The charts displayed here (attached below) illustrate Mobikwik’s movement, where it closed at ₹533.40, up by 2.59%, despite experiencing intraday lows.
Here’s how you can maximise insights with TBT Charts:
Navigate to TBT Charts:
- Open the Upstox Pro app.
- Select the stock you’re tracking, in this case, Mobikwik.
- Click on the ‘Charts’ tab to visualise intraday movements.
Spot Real-Time Trends:
- Key Resistance Levels: Mobikwik showed signs of resistance around ₹600 early in the session.
- Breakdown Points: A steep fall began post ₹580 levels, with bearish sentiment taking over as the day progressed (attached below).
Use TBT Charts for Trading Strategies:
- Scalping: Traders can leverage TBT Charts for short-term trades by observing tick-by-tick price action.
- Stop-Loss Adjustment: Real-time visuals help identify ideal stop-loss levels to manage risk better.
The tick-by-tick format provides granular updates, allowing you to monitor stocks like Mobikwik with great accuracy. For instance, today’s TBT Charts highlighted the intraday volatility in Mobikwik, from its sharp resistance near ₹600 levels to the breakdown post ₹580 levels. Whether you’re an intraday trader or a long-term investor, this feature enhances decision-making by offering real-time data.
What’s your view on Mobikwik’s movement today? Do you use TBT Charts in your trading? Share your thoughts in the comments below!