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  1. Asked: October 26, 2024

    What is technical analysis in stock investing?

    vijay123
    vijay123 Teacher

    Technical analysis is a method used by investors and traders to analyze the price movements and trading volume of a stock to identify potential trading opportunities. Here's a breakdown for beginners on Investing Dhan: What Does Technical Analysis Look At? Technical analysts primarily focus on histoRead more

    Technical analysis is a method used by investors and traders to analyze the price movements and trading volume of a stock to identify potential trading opportunities. Here’s a breakdown for beginners on Investing Dhan:

    What Does Technical Analysis Look At?

    Technical analysts primarily focus on historical price data and trading volume to make predictions about future price movements. They use various tools and indicators derived from this data, including:

    • Price Charts: These charts visually represent the price movements of a stock over time.
    • Moving Averages: These smooth out price fluctuations and help identify trends.
    • Support and Resistance Levels: These are price points where the stock price tends to find support (bounce back) or resistance (get rejected).
    • Technical Indicators: These are mathematical calculations based on price and volume data that aim to predict future price movements (e.g., Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD)).

    Benefits of Technical Analysis:

    • Identify Trading Opportunities: By analyzing trends and patterns, technical analysis can help you identify potential entry and exit points for trades.
    • Gauge Market Sentiment: Technical indicators can reflect the overall sentiment (optimism or pessimism) towards a stock.
    • Risk Management: Technical analysis can be used to set stop-loss orders and manage risk in your portfolio.

    Things to Keep in Mind:

    • Not Perfect: Technical analysis is not a foolproof way to predict the future. Market movements are influenced by various factors beyond historical data.
    • Combine with Other Methods: Technical analysis should be used in conjunction with other investment strategies like fundamental analysis.
    • Develop Your Skills: Mastering technical analysis requires learning and practice. Start with basic tools and indicators before diving deeper.
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  2. Asked: November 1, 2024

    What are the tax benefits of investing in senior citizen schemes?

    vijay123
    Best Answer
    vijay123 Teacher

    Senior citizen schemes offer a secure way to grow your savings while providing tax advantages. Here's what you need to know: Reduced Taxable Income: Many senior citizen schemes allow you to claim deductions under Section 80C of the Income Tax Act. This reduces your overall taxable income, potentiallRead more

    Senior citizen schemes offer a secure way to grow your savings while providing tax advantages. Here’s what you need to know:

    Reduced Taxable Income: Many senior citizen schemes allow you to claim deductions under Section 80C of the Income Tax Act. This reduces your overall taxable income, potentially lowering your tax liability.

    Key Points on Tax Benefits:

    • Investment Deduction: Popular schemes like the Senior Citizen Savings Scheme (SCSS) allow deductions up to ₹1.5 lakh on the invested amount.
    • Interest Taxation: The interest earned on these schemes is taxable as per your tax slab. However, some schemes offer tax-free interest up to a certain limit.
    • TDS on Interest: If your total interest income from all senior citizen schemes exceeds ₹50,000 in a financial year, a Tax Deducted at Source (TDS) might be applied.

    Benefits Beyond Taxes:

    Investing Dhan understands that security and steady returns are crucial for senior citizens. These schemes often offer:

    • High Interest Rates: Senior citizen schemes typically offer higher interest rates than regular savings accounts.
    • Government Backing: Many schemes are backed by the government, providing security and peace of mind.
    • Flexible Options: Choose schemes with different tenures and withdrawal options to suit your needs.

    Explore Senior Citizen Schemes on Investing Dhan:

    Investing Dhan provides information and resources on various senior citizen schemes. Explore options like SCSS, Tax-Saving FDs, and Senior Citizen Pension Schemes. Make informed decisions and leverage the tax benefits to secure your financial future.

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