#chartpecharcha winner of the day award goes to Muneer Ahmad who's hit a century #chartpoints.

Jazakallah all of you for particpating.


Below are the scores:
Chart pe charcha

First🥇 place-
Muneer Ahmad-100

Second 🏅-
Ahsan khan -40

Third 🏅 jointly to -
Alim pathan-30
Nazir bhai -30
Muhammad jalal-30

Rest -

Khalid Muhammad-20
Khubeb-20
Fuzel chhota-20
Bushra-20

Sufiyan khalifa-10
Ahtesham anis -10
Javed mohsin-10
Sufiyan-10
Bilal afzal-10
Muneer-10
Uvesh-10

The final winner will be announced tomorrow after 10pm.

Keep posting charts, keep earning #chartpoint.


Jazakallah all.

#chartpecharcha

👆 Jiske chart pe ye tag hoga
Only unke points count hoge

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Basically we are trying to make our people financially strong & independent traders👍

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جَزاكَ اللهُ خَـيْراً

Zerodha Kite User Pay Attention ⚠️

Iska kya kare uska kya kare?

Answer: Agar long term me hai too rakho.

Short term me 3% to 10% profit hai too exit Karo.

Aab mat poochna koi 😊

https://zerodha.com/marketintel/bulletin/363849/issue-with-orders-on-kite-3

Update on Issue with Zerodha - 6 Nov 2023

BLS INTERNATIONAL SERVICES: Q2 CONS NET PROFIT 787M RUPEES VS 503.7M (YOY)

BLS INTERNATIONAL SERVICES: Q2 EBITDA RUPEES 867M VS 568M (YOY) || Q2 EBITDA MARGIN 21.27% VS 15.92% (YOY)

BIG BEAT YOY

Pesa dugna😭👆 ipo me

SAKSOFT -: 389

ON DTF

✨ On the verge breaking previous month High

✨ Expect do well if breakout happens

✨ Getting support on 20 sma

✨ Made Bullish Harami Candlestick Pattern

✨ Macd looking good

Keep it on radar and plan your trade as per your analysis

IPO PRICE SETTLED IN HONASA CONSUMER (MAMAEARTH) IPO

ISSUE PRICE: ₹ 324.00


LISTING PRICE

BSE: ₹ 324.00
NSE: ₹ 330.00

KOPRAN: Q2 CONS NET PROFIT 138M RUPEES VS 46M (YOY)

KOPRAN: Q2 EBITDA RUPEES 228M VS 101M (YOY) || Q2 EBITDA MARGIN 14.96% VS 8.67% (YOY)

BIG BEAT

If someone is trading a stock within a specific range, then it is possible to consider trading in such stocks by looking at support/resistance levels, but it is not advisable for long-term investment.

For investment, one should always wait for the stock to break out of that consolidation range and provide a closing confirmation. Then, you can consider it for investment using this technical parameter.

For example, if you look at Reliance Industries on a monthly chart, it was consolidating within the same range from 2009 to 2017. In such a scenario, you could have traded it, but it was not suitable for long-term investment. However, as soon as it broke out of that consolidation range and closed above it in March 2017, it almost grew 5 times (500%) in just about 5 years.

📍 The larger the consolidation, the higher the likelihood of a significant breakout after breaking the range on a closing basis.

📍 If the consolidation lasts for more than 5 years, large-cap stocks tend to grow 2-3 times in the next 3-5 years (in 75% of cases).

📍 If the consolidation lasts for more than 5 years, small/mid-cap stocks tend to grow 3-7 times in the next 3-5 years (in 75% of cases).

📍 As long as the stock is within a range, you should avoid investing because your returns may not be substantial even after 5 years. There's no problem with trading.

📍 When it comes to investment, you should always understand the fundamentals of stocks, and these rules work well when combined with fundamentals.

📍 Whenever you think about investment, you should use higher time frames (quarterly/monthly).