Quick reference dictionary for common stock market concepts, technical indicators, and IPO terminologies used on Nifty20:
💡 VCP (Volatility Contraction Pattern): A bullish chart pattern showing successive contractions in price volatility combined with volume dry-ups, indicating institutional accumulation before an explosive breakout.
📈 SMA & EMA (Moving Averages): Simple (SMA) and Exponential (EMA) averages of historical prices. The 44 SMA is a key support level for pullback setups, while the 20 EMA filters macro-trends.
💵 GMP (Grey Market Premium): The unofficial price premium at which IPO shares trade off-market before they are listed on the NSE or BSE.
📂 DRHP & RHP (Prospectuses): The Draft Red Herring Prospectus (DRHP) is the initial proposal filed with SEBI. The Red Herring Prospectus (RHP) details the final issue size, price band, and dates.
🚀 OFS (Offer for Sale): A process where existing promoters or institutional investors sell their shares to the public to liquidate stakes, without raising new capital for the company.