Borosil Renewables - Patterns like these must be looked at carefully and must be kept on the radar. Herein price is contracting which generally signifies shifting of hands (from weak to strong). If you go wrong, the risk is limited in these.

A general guide to position sizing for beginners. There is nothing new which I am sharing. Everything is already in the public domain or many books elsewhere.

HDFC AMC - what Nicolas Darvas discussed at length about his box theory.

Asian Paints - you need to be flexible for the chart reading. Do not try to impose a pattern when there is none. Sometimes, a simple trend line would serve the purpose.

Here, please understand the concept of the "Internal Trend Line" and its significance.

In this thread, I will explain to you the psychology behind the cup & handle pattern. The attached chart is of Balaji Amines.

Point 1 = Profit booking by many traders and fresh short positions opened taking the stock down till level 2 where there is no more selling

Point 2 - a level wherein the stock becomes attractive again for fresh buyers and short positions will be covered adding strength to the stock.

It moves back till point 3 which is now the psychological resistance level and would again see profit booking by weak hands.

But, this time the stock fell till point 4 wherein the buyers (smart hands) are willing to pay a higher price and further push out the weak hands absorbing all their selling. This is the ideal entry point for a risk-loving trader as this is the closest to the stop-loss point.

Finally, you see - in the whole process - the stock has shifted hands from uninformed retail investors to "smart hands". And finally followed by a cup and handle breakout. The target will be the depth of the cup projected upwards from the breakout level.

When to take entry for a conservative investor? At candle no 5 - the breakout candle and stop-loss a few % below breakout level.

In the next thread - I will explain to you how the same principle works for most of the patterns (No need to mug up the pattern names)

Radico Khaitan - getting interesting with the current squeeze above 20 EMA. Weak hands are booking profits.

SL 840

Is there any platform where I can get an RS number/RS rating for any stock compared to the benchmark?

Abbott India (AbbotIndia) - every time in the past stock correction was followed by a minimum 100% rally. 30% up move already and the stock has now crossed its all-time high. Will it give the same move again?

Must have portfolio stock. It is FMCG of Pharma.

BSE Ltd - Ignore the noise. Trust your charts. Focus on what the chart says you. Keep on riding to your winners. Trail Stop losses but do not sell.

Balaji Amines - Double top buy active on 1%*3 PnF.

Pidilite - although not a trading grade stock. A must-have portfolio stock but it is always better to chart them to find the perfect time to do SIPs.

United Spirits Ltd - Monthly Log Scale 🍻

#Infosys #NSE - another example of a stock in an uptrend. Consolidating nicely during its upwards journey. Giving multiple trading opportunities on the way for a short-term trader. For an investor, holding it till the weight of the evidence signifies trend reversal.

7 times since 1998, we had a fall of more than 25% on Index level.

The min and max time period b/w 2 subsequent falls was 16 months & 45 months.

If you can not digest the fall of 25-40% once every 3-5 years, you shouldn't own stocks. Prepare for the worse & invest for the best

LTI - A small trade. Buy till 4700. SL 4375. Target: 5460

R:R ratio = 2.34

Plan positions accordingly. Might retest 4500 levels so safe traders can wait for a pullback.