What is the primary function of the 'Trade from Chart' feature in Zerodha's Kite platform?

It allows users to analyze historical stock price movements. It enables users to place orders directly from the stock chart. It provides real-time news updates related to the selected stock. It displays various technical indicators for in-depth analysis.

How does the 'Candlestick Pattern' study in ChartIQ assist traders?

It predicts future price movements based on historical patterns. It automatically identifies candlestick formations on the chart. It calculates the probability of a specific pattern leading to a profitable trade. It generates trading signals based on candlestick patterns and other technical indicators.

What is the significance of the Central Pivot Range (CPR) in technical analysis?

It indicates the average trading volume of a stock over a specific period. It identifies key support and resistance levels for potential trading opportunities. It measures the volatility of a stock's price movements. It predicts the future direction of a stock's price trend.

According to the text, when is a stock considered to have a 'bullish outlook' using the CPR indicator?

When the current market price is below the Bottom Central Pivot (BC) line. When the current market price is above the Top Central Pivot (TC) line. When the CPR range is narrow, indicating low volatility. When the CPR range is wide, indicating high volatility.

What is the recommended approach to using the 'Candlestick Pattern' study effectively?

Rely solely on the identified patterns to make trading decisions. Use it as a starting point for further analysis and confirmation. Ignore the patterns if they contradict other technical indicators. Focus only on patterns that occur during periods of high trading volume.