Jay Pattanaik Profile picture
Price & Volumes are my tools. I have positions in posted charts, so I may have bias. Don't ask me target or SL, I post charts to challenge my accuracy.
Aug 27, 2022 34 tweets 14 min read
Don't know or understand or confident in technical analysis. Sharing here the easiest way to apply technical. I will share recent, 47 scripts which have touched ATH due to these conditions: Conditions for trading ATH counters:
1. More number of upward curves at ATH, even without price contractions. Not to be confused with VCP but if it has VCP footprints, best case scenario.
2. RSI above 70, if nearing 80 is the best case scenario.
Jan 9, 2022 15 tweets 9 min read
Magic of IPO Listing High/Base Break-Out

Reasons for BO:
1. Entry of Fund House
2. Delivered as mentioned by Mgmt.
3. New favouring Govt Policies.
4. Need of hours of the product. Types of IPO BO Candidate. Three kinds:
#IPO_Candidate_1 - Premium Listing followed by 15-45% corrections. 2-4x Potential after listing high BO, Time-frame – 1yr. e.g. #INDIAMART #HAPPSTMNDS #MTARTECH #POLYCAB #ANURAS #AFFLE
Jan 8, 2022 4 tweets 2 min read
#LXCHEM A gain of 33.33% is due. Seen making a base around 426, moving in a tight band (421 to 441), needs to break the upper limit(451), or lower limit(406) for confirming the move on either side. Negotiation of final at resistance(464) or support(392) will decide future course. The move upward or downward is not clear as of now, but from the range, it is evident that the operator was keeping it in a band of 426 to 441 with very low volume, for 2 months plus. The stock was in ASM + circuit limit of 5% was a big spoiler.
Jan 2, 2022 48 tweets 16 min read
Magic of Multi-Year Breakout
1. It is well-established fact any counter which gives a multi-year breakout, it gives exponential returns in the shortest time frame.
#Multi_Year_Breakout 2. Pre-requisites for Multi-Year Breakout
(a) Turn around in company philosophy and/or management and/or profit generation.
(b) Govt Policies e.g. Ethanol blending, scrappage policy, make in India, various PLI schemes. #Multi_Year_Breakout
Jan 1, 2022 13 tweets 5 min read
New Year Pick - #DATAPATTNS #datapattern
CMP 760 on 31st Dec 2021, Expecting it minimum of 3x by 31st Dec 22.
Discloser – I have in my portfolio, I may have bias. 1. DATAPATTNS - Upper limit of issue price was 585, available Rs 175 higher than CMP 760 on 31st Dec 2021.
2. Q1(Mar) company gets 90% of its revenue remaining three Qtr 0-10%. #DATAPATTNS #datapattern
Jul 21, 2021 7 tweets 3 min read
Price-volume relationships can tell, 4 major things. A study of volume bar is a must to confirm candle patterns. Image Perfect case study - #IIFLSecurities
When to short - Price Declining but Volume rising. If shorted even after the 8th price candle - a gain of 11 points from 125 to 114.
For Candle pattern lover 4th & 5th candles formed 2xGravestone Doji - meaning downtrend in the price action. Image