It becomes important to understand the key indicators while trading in the stock market. Traders use various tools for reading charts, analyzing the data, deciding the important levels, understanding market sentiment, and several other purposes.
NSE LTP Calculator is a free tool preferred by many traders while trading. LTP enables traders to view the latest price at which a stock was bought or sold. It helps traders to estimate the market price of the stock and make the right decision.
Read further to know 5 reasons traders prefer NSE LTP Calculators over other tools.
Why Do Traders Prefer NSE LTP Calculators Over Other Tools?
LTP Calculator is a trading platform that gives the best NSE LTP Calculator. It is preferred by many traders as it is a real-time indicator of a stock’s recent trading activity.
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Gauging Market Sentiment:
Traders use the NSE LTP Calculator as it shows the most recent price of a stock that they want to buy or sell. It also helps traders to predict the market sentiment for a preferred stock. An increasing LTP indicates buying pressure and a decreasing LTP signifies selling pressure.
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Determine The Appropriate Ask/bid Price:
With the help of the NSE LTP Calculator, traders can easily place their buy or sell order, as the ask or bid price will be in a similar range as that of the buy or sell price. Investors and traders use LTP as a reference to make decision to place their orders and enables them to make informed decisions whether to enter or exit a position.
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Predict The Stock Price Movement:
LTP Calculator also gives information about the historical price trend of a particular stock in NSE, Nifty 500, Bank Nifty, and other Nifty indices. By looking at this trend, a trader can evaluate the performance of the stock and predict the possible moves. The LTP Calculator also helps in deciding attributes like the direction in which the price moves. The price of a stock fluctuates depending on the volume of stock. So, the NSE LTP Calculator provides such indicator that shows the real-time momentum of the stock.
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Perform Market Analysis:
LTP Calculator is used in technical analysis by traders. It includes identifying market patterns and trends to predict the movement of a price in the future. It helps traders to identify buy or sell opportunities. LTP also serves as an important element for stock valuation. By comparative analysis of the performance of different equities, investors can identify undervalued or overvalued stocks.
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Portfolio Performance Metric:
Traders also use the LTP Calculator to calculate portfolio returns by analyzing the overall performance of a stock over a period. It also helps traders in risk management.
Conclusion
The price of a share keeps changing every moment of the day during the trading session. The price of a stock has four main values remarked as high, low, open, and close. But along with these values, there is one more important value known as LTP or Latest Trade Price. It allows traders to study and manage price fluctuation throughout the day and helps traders to predict the future movements of a stock price.
LTP is only helpful in intraday trading as when the day ends this price becomes the previous close. Nifty LTP Calculator helps you trade wisely in an intraday by analyzing important price metrics.
