Backtesting is as an analytical tool used by traders to assess the viability and effectiveness of their trading strategies. It involves testing a strategy with historical market data to evaluate how it would have performed in the past
Amid the ongoing rally and overbought conditions, premiums on put options have fallen considerably lower than call options. This is likely to remain so, as election uncertainty seems to have been taken out, and markets look up.
On December 20, Piramal Enterprises stock broke below the lower trendline of the Broadening Wedge pattern, signaling a continuation of the bearish trend.
The BSE Consumer Durable Monthly Chart index has recently experienced a breakout following a two-year consolidation patch. Notably, Voltas scrip is exhibiting the strongest bullish momentum.