Chart Help:

Street Target Price : A price target is an equity analyst's projection of a stock's future price.
Analyst determines what the stock's price could be in 12 months which depends on the valuation
of the company. These are not our estimates but the maximum, minimum and average derived
from Street's estimates based on research coverage on the company. The percentage indicates
change from current price.
For example -
Max : 420 (21.86%)
Mean : 357 (3.58%)
Min : 233 (-32.40%)
OH (OFF High) : Provides an idea about where the stock is currently trading in comparison to its
52-week high price in percentage terms. The formula to calculate OH is current price minus 52-
week high price divided by 52-week high price.
OL (OFF Low) : Provides an idea about where the stock is currently trading in comparison to its
52-week low price in percentage terms. The formula to calculate OL is current price minus 52-
week low price divided by 52-week low price.

Blue Dot ( ) : With RS Line Blue Dot and RS Line Blue Dot List you can catch the strongest
stocks that are outperforming the market. Stocks make the RS Line Blue Dot list when they
satisfy two criteria: 1) When a stock's Relative Strength line hits 52 weeks high and 2) When it
builds a base pattern that signals a potential price jump or When the stock is breaking out of the
Base.

Pattern Recognition (   ) : Pattern Recognition spotlights any of seven existing or emerging

base patterns on MarketSmith Daily and Weekly stock charts. Learning to identify these base
patterns adds an important aspect of technical stock analysis to your most important investment
decisions, particularly optimum buy and sell points.
Pivot : A pivot represents an area of resistance i.e., a price ceiling at which the stock has
previously encountered selling. In our study of winning stocks and their technical breakouts, we
have identified pivot as an optimal buy point. When a stock charges above the pivot on above-
average trading volume, there is a high probability that it will move even higher.
RS Rating : The Relative Strength Rating looks at a stock's percentage price change over the
last 12 months with most recent periods receiving higher weight. All stocks are arranged in order
of greatest price percentage change and assigned a rank from 99 (highest) to 1 (lowest). For
example, a value of 85 means the stock has outperformed 85% of all other stocks in India.
Overview of Charts:

Would you trust a doctor who never looked at an X-ray or an MRI? How about a
navigator that never looked at a map?

What an X-ray is to a doctor, a price-volume chart is to a stock investor. Price changes

are the result of the daily supply and demand in the large auction marketplaces that
stock markets represent. Our founder, William J. O'Neil, was a pioneer in using stock
charts to identify the optimal times to buy and sell stocks. The charts in our application
reflect his research of over 50 years on what is most critical in making profitable
investing decisions.
In this section, we will go into detail on how to read our Daily and Weekly price charts
and what the different indicators mean and how they can be valuable for your investing.

To start, here is a visual overview of our weekly chart view for Android. Below we go into
more detail of how to use these indicators.

Weekly Chart
The Basics

The two main components to our stock chart are the Price section at the top, and the
Volume section below.

In the Price section, the vertical price bars show you the stock's price range for that day
(on a daily chart) or for the week (on a weekly chart). The horizontal slash shows you the
stock's closing price. In general, you would prefer stocks that tend to close at the top of
their ranges, a sign of strength.

When a day or week finishes up in price, it is colored in blue. Down days are colored in
magenta. You can cross reference each price bar to its volume bar down below. When a
stock moves higher in high volume, it is a sign that institutional investors may be
accumulating shares. On the other hand, if it starts to move lower on increasing volume,
it could be a sign that institutional investors are heading for the exits.

We include two important moving averages on our charts by default, the 50-day moving
average(10-week on weekly) in red and the 200-day moving average (40-week on
weekly) in black. Since institutional investors track these levels closely, they are key
support levels for a stock. A powerful stock will tend to bounce off these levels to higher
prices.

We also include a 50-day (10-week on weekly) moving average in red next to the
volume bars. This is a quick visual indicator if volume for that period is above or below
normal. The number next to Vol in the volume area is the Volume rate. That compares
the volume for the day or week against its average volume. A +34% rate would mean
the volume was 34% above average for the most recent volume node.

In blue beneath the price bars is a Relative Strength line. This plots the stock's
performance to the larger market as represented by the Sensex/Nifty index. If the stock
is outperforming the Sensex/Nifty, its relative strength line will move higher. If it is
underperforming, the line will drop. The number next to the RS line is our RS Rating
which ranks all stocks on 12-month price performance on a 1 to 99 scale, with 99 being
the best performing stocks. We prefer to concentrate on stocks with Relative Strength
Ratings of 80 or higher.

Chart Scaling

Our default scale for a weekly chart is a logarithmic (log) scale. Logarithmic scale
intervals are based on percentage or proportional changes. For example, the percentage
change from 1 to 2 (100%) is same as the movement from 2 to 4 (100%), 4 to 8 (100%),
etc. We use a fixed log scale to ensure that the same amount of physical distance is
used for similar percentage moves. This lets you quickly determine different characters
among various stocks, from a stock that doesn't move very much to a more volatile one.

The default scale for the daily chart is linear (lin). Linear scales use equal spacing
between each value. This means that a move from 1 to 2 looks that same as a move
from 10 to 11. This can let you see moves in greater detail.

If you prefer an alternative view, you can toggle the scale between log and linear by
tapping on the vertical scale area. The same can be done for the volume scale.

Pattern Recognition

The founder of MarketSmith, William J. O'Neil, is one of the pioneers of technical stock
analysis. In his studies of what works in the stock market he identified key patterns on
stock charts that many of the biggest winners formed before they went on to huge gains.
MarketSmith India's Pattern Recognition feature helps you spot these patterns.

The Pattern Recognition feature includes the following elements:

 Chart Pattern The solid dark green underscore identifies the pattern.

 Pivot Line The dashed dark green line represents the pivot line. When a stock passes
the pivot line, it is a sign of technical strength. This is the ideal entry point to buy the
stock.
 Tight Area Aqua blue highlights represent Tight Areas, which are identified when a stock
closes within a 1.5% price range for at least three consecutive weeks. Tight Areas can be
a sign of strength and serve as alternate entry points.
 Profit Range The box with the light green background, 20% to 25% above the pivot, is
an area O'Neil recommends you consider locking-in initial gains.
 Buy Range The buy zone, 0% to 5% from the pivot price, is represented by a box with a
light blue background.
 Loss Range The box with the pink background highlights 5% to 8% below the pivot
price. To manage risk, O'Neil recommends that you limit losses to no more than 8%.

Earnings Block

The default toggle of the block contains percentage changes for earnings and sales on a
year-over-year basis along with the margin after tax for the period. We like to focus on
stocks with strong earnings and sales growth with strong and improving margins. The
biggest winners often have earnings and sales growth of 25% or more. Pay particular
attention to stocks with accelerating growth. Our studies have shown this is a potential
sign of a great stock.
The alternative toggle of the earnings block provides the actual values on an earnings
and sales basis along with the P/E Range for the period

Frequently Asked Investing Questions

1. MODEL PORTFOLIO AND IDEA LISTS - FREQUENTLY ASKED QUESTIONS
2. EVALUATION - FREQUENTLY ASKED QUESTIONS
3. MARKET OUTLOOK - FREQUENTLY ASKED QUESTIONS
4. PORTFOLIO EVALUATION - FREQUENTLY ASKED QUESTIONS

 
MODEL PORTFOLIO AND IDEA LISTS -
FREQUENTLY ASKED QUESTIONS

What is Model Portfolio? How do I take advantage of it?

Model Portfolio contains a list of stocks, which qualify CAN SLIM® criteria, and are added
to the list on a proper breakout from their pivots (resistance levels). While there may be
many stocks which qualify for the above, we ensure that the best and the most ideal of
the lot are recommended. Stocks are removed from the model portfolio when they
breach our sell-rules, or when they weaken technically. Investors can consider
purchasing such stocks, when they are added to the list. The additions are notified
through the app and e-mail alerts. It is recommended that stocks are added, when they
are within 5-7% price range from their pivot levels. Similarly, investors can remove
stocks when they receive the remove alert, which are sent through the app or e-mail

A stock was added to the Model Portfolio last month. Can I buy it?

Buying right solves half of your selling problems. The ideal buy range for a stock is when
it is purchased within 5-7% price range from its pivot. Our research shows that buying
within the 5-7% range, enables you to sit through most of the normal price corrections in
a stock. Therefore, please ensure that you buy stocks only when they are recommended
and are not extended more than 7% from their pivot. You should also look at the current
market condition, even if the stock is available in the buy range. There is a possibility
that the market direction could have changed as our recommendation, and hence it is
important to keep an eye on the market trend before making any new purchase. If you
like a stock in the model portfolio, but have missed buying it, either because the stock
was not available within the ideal buy range or the market direction was unfavourable.
Do not worry. The stock market provides ample opportunities in terms of other stocks or
new entry points into your favourite stock.

How many stocks should I own? (Ideal number of stocks in a portfolio)

Individual investors with a large portfolio, say of INR 10 lakhs, need not own more than
six or seven well-selected stocks. Smaller capital investments should consider holding
only three or four stocks. Once you own the required number of stocks and if a tempting
opportunity comes along that you think is really great, you must buy more only by selling
off your least attractive investments. The more stocks you own, the harder it is to
maintain a proper track of them. Additional capital could be used to average-up existing
positions, when such stocks break out of proper bases. The objective is to have one or
two big winners rather than dozens of small profits.

When do stocks get added/removed to/from portfolio? How frequent would be the
changes?

Stocks are added to the MarketSmith India model portfolio based on fundamental and
technical strength, using the CAN SLIM® methodology. While many stocks may qualify
our CAN SLIM® criteria, they are added to the Model Portfolio, when they breakout from
their bases (price consolidation patterns) and when they close strongly near their pivots
(previous resistance levels). Stocks are removed from the model portfolio when they
breach our sell rules including stop-loss hits (we follow a 8-10% stop-loss rule), and 50-
DMA and 200-DMA breaks on huge volume. Stocks could also be removed on an
account of profit booking (20-25% or higher). Stocks showing technical weakness,
without strictly breaching the above sell rules are also considered for removals. Stocks
are added and removed, based on the volatility of the market. Our research has shown
that three of four stocks trend along with the general market. If the market is in a
Confirmed Uptrend, the green signal remains on for new stock purchases. Similarly,
when the market is in a Downtrend, we generally avoid adding any number of stocks to
the model portfolio..
 

What should be the minimum portfolio size to take advantage of MarketSmith

India model portfolio (1 lakh, 10 lakh?)

Stocks provide an advantage of investing in even with the smallest of token sizes. While
we do not provide any emphasis on the size of the portfolio, per se, we recommend
investors to not hold too many stocks in their portfolio. Smaller capital investments
should consider holding not more than three or four stocks. Individual investors with a
large portfolio, say of INR. 10 lakhs or more, need not own more than six or seven well-
selected stocks.

How many stocks will you have in the MarketSmith India model portfolio? Should I
hold all of them?

The number of stocks in the model portfolio could range anywhere from 1 to 40. The
model portfolio represents Model stocks, and how to enter them at their Ideal buy points.
While it is not advised to add every single model portfolio stock to your portfolio,
investors are advised to select the best of the stock ideas which appeal to them. Holding
a few good ideas can generate the required returns, when purchased at proper buy
points, and when strict sell-rules are followed. While the model portfolio could have a
higher number of stocks, going up to 40, it is only an indicative list on screening for CAN
SLIM® stocks and entering them at their ideal buy points. Please note, the model
portfolio performance has beaten the benchmark; inspite of the number of stocks in the
portfolio indicating the effectiveness of the CAN SLIM® growth strategy.

What is the benchmark index of the model portfolio?

The Nifty 50 has been the benchmark selected to evaluate the performance of the
MarketSmith India model portfolio. The model portfolio could comprise any of the micro,
small, mid, or large cap stocks, which qualify our liquidity criteria, resulting in the general
market to be our universe. The performance of the model portfolio has well-beaten the
benchmark from inception, even after adjustments for regular trading fees, implying the
effectiveness of the CAN SLIM® growth strategy. Important Note: The model portfolio is
run with an objective to provide effective stock ideas to the investor, and not strictly with
an objective to beat the benchmark. While we are happy to assume responsibility to
track the performance of our recommendations, we believe running a model portfolio,
with an objective to purely generate alpha using the CAN SLIM® methodology, could
generate far superior returns.

When will I be notified about a stock addition or removal?

Subscribed users are notified of any additions or removals to the model portfolio through
a notification from the MarketSmith India app, and an e-mail alert to the registered e-mail
of the user. The app and the e-mail alerts contain information including the add/remove
prices for the stock, market cap, volume, industry details, stock research, etc.
Alternatively, one can refer the model portfolio section.

What is Growth 50 list and will there be common stocks in Growth 50 and Model
Portfolio?

The Growth 50 list is algorithmically generated list of the top growth stocks in India, with
strong fundamental and technical characteristics. The list gets updated on a weekly
basis, and can have stocks that may or may not be available at their ideal buy points.
There is a likely possibility that there could be common stocks in Growth 50 and the
model portfolio.

Will I get notification of addition/removal on Growth 50 list?

No, there is no notification sent on the Growth 50 list. The list gets updated on the
product every Friday, close of business. Please click on the Growth 50 tab to see the list.
The list also includes Recent Additions and Recent Removals tab.

How do I use Growth 50 list?

Growth 50 provides you with algorithmically generated list of the top growth stocks in
India. One can then filter out top stocks using "TOP STOCKS-NEAR BUY POINT."
However, the list does not consider the chart patterns. Once you select any stock, you
should research further and wait for the ideal buy point before taking the final decision
on that particular stock.
 

How do I screen stocks based on certain parameter?

On clicking Filter India Stocks under Idea Lists, you can see an option to Filter and sort
the list of stocks. The list of stocks can be filtered by five of our proprietary ratings
(Master Score, EPS Rating, Price Strength, Buyer Demand, and Group Rank) and eight
other common parameters (Market Cap, Average Daily Volume, % off High, Volume %
change VS. 50-DMA, Daily Price % Change, Current price, ROE%, % VS. Pivot.

Refer image below:

Available Filter options:

Where can I see your recommended stocks?

You can refer to Current Holding in India Model Portfolio list or the Growth 50 list for our
recommendations. Please note, Growth 50 is an algorithmically generated list and it gets
updated once a week, every Friday.

How do I get a list of stocks from the top 20 Industry Groups?

Click the Idea Lists button on the home page, followed by the "Filter India Stocks" button
under the "MarketSmith Reports" panel. Once this is completed, tap the button on the
top right corner labelled either as "Filter Off" or "Filter On." This section enables you to
create your custom stock screens using various criteria, including MarketSmith India's
proprietary ratings and rankings. You can view stocks using the "Group Rank" button,
which are great (1-20), good (21-40), fair (41-60), or poor (61-197). You can use the
additional filters to customize and strengthen your list of stocks.

 
What are the initial criteria applied before CAN SLIM ® criteria is used?

At MarketSmith India, we look at two criteria for the initial screening of stocks before and
further examining for CAN SLIM® traits.

1. Market Capitalization of INR 600 crore or more.

2. 50-Day Average daily trading turnover of INR 1 crore or more.

Why do you send out recommendations post market hours?

CAN SLIM® methodology would gauge the breakout based on the close price and the
volume of the day. Stock closing above the pivot with above average volume indicates
strength and hence, we recommend stocks post market hours.

How do I select four to five stocks from the Model Portfolio?

The number of stocks in the model portfolio could range anywhere from 1 to 40. The
model portfolio represents Model stocks and how to enter them at their "Ideal" buy
points. While it is not advised to add every single model portfolio stock to your portfolio,
investors are advised to select the best of the stock ideas which appeal to them. Holding
a few good ideas can generate the required returns, when purchased at proper buy
points, and when strict sell-rules are followed. While the model portfolio could have a
higher number of stocks, going up to 40, it is only an indicative list on screening for CAN
SLIM® stocks and entering them at their ideal buy points. Please refer Current Holdings
Near Buy Point for actionable stocks at any given point of time.

Can you give a target price and time period?

We do not recommend stocks based on a specific time period or target price. Our model
portfolio recommendations have spun as short as a few days or weeks, or it could even
take few months before they generate the desired level of returns (20-25% profit booking
level).

The CAN SLIM® methodology follows the below sell-rules.

 Stop-loss at 8-10% below your purchase price.

 Profit booking level of 20-25%.
  Break below the stock's 50 or 200 DMA support level on high volumes
 The only exception when we have a specific time frame is when a stock jumps
more than 20% very rapidly from a proper base in under three weeks, we would
like to hold stocks for a minimum of eight weeks.

Can I buy a stock, if it is trading below the recommended price?

At MarketSmith India, we would ideally take a new position in a stock within a range of
5% from its Pivot price. It means that the lower limit of the buy range would be the pivot
price, and the upper limit is 5% over the pivot price. In case the stock price falls below
this buy range, it is suggested to wait for the stock to come back into the buy range
before exercising new buy orders. However, if the investor is convinced and confident
about the growth story, he may as well take an aggressive entry that would help in
capturing the up-move from current price to pivot. By this we mean that even if the stock
falls below the buy range, after our recommendations, a good quality stock will
eventually move up in the subsequent trading sessions.

 
EVALUATION - FREQUENTLY ASKED QUESTIONS

What is Evaluation?

The MarketSmith India Evaluation gives you an unbiased instant assessment of more
than 3,900 stocks. Quickly evaluate a stock's rank with our Master Score, a summary
proprietary rating, which is based on the EPS, Price Strength, Buyer Demand, and
Group Rank ratings.

The Evaluation view is composed of a stock chart and the stock-specific data in the
Details Tab. This view efficiently combines the key stock information you need to
validate your decision to buy or sell or to commit to further research.

The Chart Overview support content will provide you with an orientation of the data items
available on the chart and how they may be used to quickly evaluate a stock.

The Details tab breaks down the data grid so that you can better understand the
comprehensive fundamental and technical stock information available.
The Related tab gives the list of top stocks in the Same Industry Group by Master Score
and by Relative Strength

The CAN SLIM® Checklist provides a list of CAN SLIM® parameters along with ratings for
a specific stock and its grade in terms of Pass or Fail; the higher number of Pass grade,
the better the stock quality.

What is Master Score Rating?

The MarketSmith Master Score combines characteristics of the most successful stocks
into one easy to use rating. The formula incorporates earnings growth, relative price
strength, price-volume characteristics, industry group relative strength, and other factors.
In general, concentrate your investment research on stocks with a rating of B or better.

What is EPS Strength?

Great earnings growth is what separates the best stocks from crowd. But it is not enough
to just have one or two periods of solid growth. A standout stock needs both a sound
growth record in recent years, and a strong current earnings record in the last several
periods. As a shortcut for identifying such stocks, the MarketSmith developed its
Earnings per Share (EPS) Rating. Indian stocks are ranked on a 1-99 scale with 99
being the best. The MarketSmith India suggests focusing your efforts on stocks with an
EPS Rating of at least 80.

What is Price Strength?

Human nature being what it is, most people invest backwards. They want to buy what is
the down the most and sell what is up. The best stocks are superior price movers even
before their big price moves. You should look for stocks with price leadership. The
MarketSmith Relative Strength (RS) rating shows you which stocks are the best price
performers by measuring the stock's performance over the previous 12 months. That
performance is then compared with the performance of all other publicly traded
companies in India on 1-99 scale, with 99 being the best. MarketSmith India suggests
focusing your efforts on stocks with an RS Rating of 80 or more.

 
What is RS line?

Relative Strength (RS) Line: The relative strength line compares a stock's price
performance versus the benchmark / index. Many charting services plot a RS Line along
with the stock's price, moving averages, etc. The line is derived by dividing the stock
price by the benchmark / Index value. An upward sloping line means that the stock's
price is outperforming the benchmark / Index.

What is Buyer Demand or Accumulation/Distribution Rating?

Professional investors wield a huge amount of influence over stock's price. Thus, it is
essential that you buy the better stocks that professionals are buying and you may sell
or avoid the ones that they may be selling heavily. A quick way to keep a track of the
end results of professional trading is the MarketSmith Accumulation/Distribution Rating,
which is based on daily price and volume changes. It tells you, whether your stock is
under accumulation (professional buying) or distribution (professional selling). Stocks
are rated on an A-E scale, with A being the best. Generally, you should confine your
purchases to C or better.

What is Industry Group Rank?

The majority of leading stocks are usually in leading industries. MarketSmith India
studies show that roughly half of stock's move is driven by the strength of its respective
group. MarketSmith India divides stock into 197 industry groups. It then ranks them on
six-month price performance, with the number 1 group being the best performer.
Concentrate your research on stocks in the top 40 groups.

What is Pattern recognition?

The founder of MarketSmith, William J. O'Neil, is one of the pioneers of technical stock
analysis. In the studies conducted to identify of what works in the stock market are key
patterns on stock charts that many of the biggest winners formed before they went on to
huge gains. MarketSmith India's Pattern Recognition feature helps you spot these
patterns.

The Pattern Recognition feature includes the following elements:

Chart Pattern: The solid dark green underscore identifies the pattern.

Pivot Line: The dashed dark green line represents the pivot line. When a stock passes
the pivot line, it is a sign of technical strength. This is an ideal entry point to buy a stock.

Tight Area: Aqua blue highlights represent Tight Areas, which are identified when a
stock closes within a 1.5% price range for at least three consecutive weeks. Tight Areas
can be a sign of strength and serve as alternate entry points.

chartoverview.jsp

Can we see real-time price and volume on the product?

All intraday quotes on MarketSmith India are delayed by about 20 minutes.

What does green, blue and pink shade in charts indicate?

 

 
MARKET OUTLOOK - FREQUENTLY ASKED
QUESTIONS

What is Market Condition?

The general direction of the stock market affects individual stocks, corresponding to it
the tide raises or lowers all ships. Understand the market's impact on your stocks which
makes you know whether to set sail or be an abandoned ship. MarketSmith India has an
objective way of analyzing the market, and we classify the market into four different
conditions.

Confirmed Uptrend: Best time to buy stocks

Uptrend Under Pressure: Proceed with caution

Market in Correction: Avoid fresh buys

Rally Attempt: Wait for the market to follow through or strong price action in leading
stocks before acquiring new positions

 
PORTFOLIO EVALUATION - FREQUENTLY ASKED
QUESTIONS

What is PortfolioSmith?

PortfolioSmith is a portfolio evaluation tool that uses algorithms to provide a quick

analysis of your portfolio or its constituent stocks and make recommendations based on
the CAN SLIM methodology. You can evaluate your current portfolio to make sure you
are on the path to maximize wealth creation. PortfolioSmith makes it easy to diagnose
your stock ideas and see if they earn a pass, neutral, or fail score for the ratings and
other critical technical and fundamental factors.

Who is analyzing my portfolio?

PortfolioSmith algorithmically evaluates your portfolio and provides recommendations

based on the CAN SLIM methodology by using machine learning and AI. We are trying
to incorporate all aspects an analyst would look into. This helps us provide an unbiased
report/evaluation in less than a minute for up to 100 stocks.

Why 13 or 52 reports per quarter/year?

We believe evaluating your portfolio once a week will give you vital insights to take
further steps to protect capital and maximize wealth creation.
How can I upload my transactions?

You can upload your transactions using one of the following options:

1. upload your Zerodha Traderbook

2. select custom and upload transactions in the format provided in the sample csv
file
3. manually enter the transaction
4. import transactions from MarketSmith India My Portfolio.

What is the rationale for recommendations?

We base our recommendations on the CAN SLIM growth investing strategy. It considers
both fundamental and technical aspects to give BUY/SELL ratings.

What is the rationale for increasing or decreasing allocation in a particular stock?

We use portfolio allocation models to arrive at the optimal allocation for each stock in the
portfolio.

How often do the recommendations change?

There is no fixed time period for the change in recommendations. Since price and
moving averages are also considered, the recommendations can change as early as
one day or continue to remain the same for a longer duration too.

Should we enter split adjusted prices?

No, you can enter your actual buy and sell prices. The system will apply the required
split factors.

Why does it say "We do not support short selling transactions, please exclude
them or include the corresponding Buy transaction too"?

The analysis does not consider short selling. Please make sure you have included the
corresponding buy transaction for each sell. The sell quantity for a stock should be less
than or equal to the buy quantity of the stock. Also, make sure the buy transaction date
is older than its sell transaction date.

Why is the performance section blank?

The performance section includes best winners/exclusions and worst losers/exclusions.
This is arrived at by considering the position you have closed. In case you have not
included any closed position/sell transactions, this section will not populate.

What if I don't use all my 13 reports within the 90 days?

The monthly, quarterly, and annual subscription is valid only for 30, 90, and 365 days,
respectively. If you do not generate the given reports, they will expire/lapse at the end of
your subscription days.

Is there any transaction cost that you consider while calculating Profit/Loss?

No, we do not consider transaction cost in our calculations.

The report asks me to sell certain stocks. Which stocks should I buy now?

The tool identifies weak stocks for SELL recommendations. Also, if you are over
invested in any particular stock, you will be asked to REDUCE. This will lead to cash
balance. To know which stock you should buy, you can subscribe to our Model Portfolio
or Algos in AlgoSmith.

Email us at marketsmithindia@williamoneilindia.com if you have any additional

questions.

Disclaimer:

William O Neil India Investment Adviser division, is one of the divisions of William O Neil
India Private Limited, which is a company incorporated under the Companies Act 1956. 
William O Neil India Investment Adviser division is a registered investment advisor with
the Securities and Exchange Board of India and through its online product, MarketSmith
India intends to provide quality equity research material and information to its
customers. The investments discussed or recommended through MarketSmith India
may not be suitable for all investors and hence, you must rely on your own examination
and judgement of the stock and company before making investment decisions. Data
provided through MarketSmith India is for information purposes only and should not be
construed as an offer or solicitation of an offer to buy or sell any securities. Information
and discussions made available through MarketSmith India contain forward looking
statements that involve risks, uncertainties and assumptions that could cause actual
results to differ materially from those contemplated by the relevant forward-looking
statement. William O'Neil India Investment Adviser division or its employees / directors
or any of its affiliates are not responsible for any losses that may arise to any person
who has made investments based on the contents of this document. Past performance
never guarantees future results. Investment in equities are subject to market risks and
despite the best efforts to provide market leading research, William O’Neil India would
like to exhort its users to acknowledge and fully understand the risks involved which
might include but not limited to loss of both principal and income. Data and content
provided through MarketSmith India is to be consumed only by the intended recipient
and must not be redistributed any further. Performance results do not represent actual
trading and may not reflect the impact that material, economic, and market factors might
have had on the investment-making process if actually managing client money. There is
substantial speculative risk in most stocks. Performance computations reflect a time-
weighted rate of return and includes a brokerage of 0.5%. All holdings are rebalanced to
equal rupee amounts daily. Dividends are not considered in computations. Percent
gains and losses are calculated for all issues that remain on the “Current Holdings” at
the end of the day. For stocks that were added to “Current Holdings”, the basis used to
calculate the percent change is the price noted when the issue appeared as a “Current
Holdings” in MarketSmith India. For stocks that were removed, the selling price used to
calculate the percent is the price noted when the issue appeared as “Removed” in the
MarketSmith India. For more information, see our Legal disclosures here.

Registered office address: Technomark Building, A-4, NGEF Ancillary Industrial Estate,
Graphite India Road, Mahadevapura, Whitefield, Bangalore 560048, Phone: 080-
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When To Buy The Best Growth Stocks:
How To Analyze A Stock's Cup-With-
Handle
Author: Kongari RajashekarRushit SejpalVaqarjaved khan

May 27 2023 | Reading Time: 5 Minutes

Among the eight principal base patterns, including the ascending base, base on
base, double bottom, flat base, high tight flag, IPO base, and  saucer; cup-with-
handle remains one of the most successful to date.

Why? Simple. Over the centuries, human nature hasn't changed. Greed, fear, hope,
despair, and other emotions drive stock prices. So do the laws of supply and
demand.

This is why sifting through the charts of the market's greatest winners is time well
worth spent. As you'll see, the general shape of the cup-with-handle and other critical
chart patterns appear over and over again. That's why they give the prepared
investor an edge in the stock market.

Basic Characteristics Of The Cup-With-Handle

The stock needs to show a 30% uptrend from any price point, but it must be before
the base's construction. Or, the stock must show a minimum 20% increase from a
prior breakout. The cup-with-handle must be at least seven weeks long. If there is no
handle, then the cup itself must stretch a minimum of six weeks.

The handle alone needs at least five days to form, but it could go on for weeks. Make
sure it doesn't exceed the cup portion in time or the size of the decline. A good cup-
with-handle should truly look like the silhouette of a nicely formed teacup. The
handle always shows a smaller decline from high to low; it represents a final
shakeout of uncommitted holders, sending those shares into sturdier hands in the
market. In most cases, the decline from high to low should not exceed 10% to 15%.
During bear markets, some good cup-with-handle bases show a large, double-digit
decline within the handle. But again, it should not exceed the drop within the cup.

The Handle? It Must Be High Enough

The handle should form in the upper part of the entire pattern. If it's too low, it's
flawed. One way to check if that handle is proper: use the simple midpoint test. Add
the highest price and lowest price within the handle and divide by 2. That number
should be greater than the midpoint of the actual base itself.

Avoid Deep Bases

Try to limit your picks to cups that are no more than 30% or 33% deep, except for
those built during a bear market. In that case, an exceptional growth stock can fall
 40%, 50%, or more and still make a successful breakout. Still, shallower is better. It
shows that the big hands are catching the stock. Look for volume to dry up along the
lows of the base. Volume should be light in the handle, too. Tighter price action is
better. This is true of almost all bases. A loose, choppy base shows the stock needs
to go far for price discovery. If institutions are holding on to the stock, it won't fall too
far.

The Buy Point

This, of course, is where all the above parameters lead if they appear correctly. The
buy point from a cup-with-handle base appears at the highest point of the handle.

Volume On The Breakout

When the stock is breaking out, you should generally see a rush in turnover. Volume
should ideally rise at least 40% above its 50-day average. For small and midcap
stocks, expect breakout volume to double or triple.

Related:    Chart Patterns - Importance of Technical Analysis -

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Pattern Recognition
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Pattern Recognition
Pattern Recognition spotlights any of seven existing or emerging base patterns on MarketSmith Daily and

Weekly stock charts. Learning to identify these base patterns adds an important aspect of technical stock

analysis to your most important investment decisions, particularly optimum buy and sell points. Pattern

Recognition also displays data points related to the highlighted pattern, including the base count, depth of base,

pivot point, and much more. A Pattern Recognition Manual PDF is also available.

Pattern Recognition is a premium add-on to a subscription to MarketSmith.

*Results obtained from our Pattern Recognition tool are hypothetical and may vary with each use and over time.

Past performance of a security does not guarantee future results or success.

ACTIVATING PATTERN RECOGNITION

Turn on Pattern Recognition by clicking the Pattern Recognition icon in the Chart Toolbar. Pattern Recognition

will automatically display base patterns on Daily and Weekly stock charts. (Not all charts will have base patterns.)

Note: Pattern Recognition is not available for index, industry group or mutual fund charts.

Back to Top

Pattern Recognition Features

VIEWING BASE PATTERN PROPERTIES

Pattern Recognition includes base properties in a hover box to help you effectively analyze the quality of a base.

To view the hover box, place your cursor on the base pattern.
BASE PATTERN TYPE

Available base patterns: Cup and Cup-With-Handle, Saucer and Saucer-With-Handle, Double Bottom, Flat Base,

Ascending Base, Consolidation, and IPO Base.

STAGE

It is important to know where a stock is positioned in relation to the number of bases it has formed. Stages begin

at one and increase with each subsequent base pattern formed. Stocks emerging from third, fourth, or later stage

bases are late in their moves and may be more likely to fail. Breakouts from first and second stage bases

generally have a higher probability of success.

The magnitude of the move between two base patterns will determine whether the stage moves numerically or

alphabetically. If the price move from the pivot point of the prior base to the left side high of the current base is

20% or more, the stage will increase by a factor of 1—for example, from Stage 1 to Stage 2. If the price move is

less than 20%, the stage will increase by an alphabetic factor—Stage 1a to Stage 1b.

BASE RESET
  

The Base Stage and Count are always reset to 1 when an intraday low price undercuts the low of the previous

base. Currently, this is the only scenario that resets the base count.

COUNT
  

The Count is the number displayed in ( ) to the right of the Stage. Count begins at 1 and increases numerically

with each new base pattern, regardless of the magnitude. It is the raw count of the number of bases since the

last reset. At this time, the Pattern Recognition software does not take into account bear or bull markets when

counting bases.

Note: IPO Bases do not display either Stage or Count, as neither is applicable for that particular pattern.

PIVOT
  

The Pivot of a base corresponds to a previous area of resistance. In the case of a Cup (or Saucer) With Handle,

it corresponds to the peak price of the handle. In the case of a Double Bottom, the Pivot corresponds to the top of

the middle peak of the W shape. In the case of a Cup, Flat Base, Consolidation, or IPO Base, the Pivot

corresponds to the Left Side High that began the base. When a stock breaks above this level of resistance, it

may be poised to move higher.

LENGTH

The length (in days or weeks) of the base is measured from the first day the pattern begins (left side high) up to,

but not including, the breakout day. If a base pattern exceeds the maximum allowed length of time without

breaking out, the pattern ceases but remains on the chart and a (max) label is added.

DEPTH

The percent decline from the start of the base (left side high) to the bottom (intraday low) of the base.
HANDLE

The percent decline from the left side high of the handle to the bottom (intraday low) of the handle.

PULLBACKS 1,2,3 (Ascending Base Only)

 
The depth (percent decline) of each pullback as a part of an Ascending Base. The percent decline from the left

side high of each pullback to the bottom (intraday low).

% TO PIVOT

Once a pivot point is determined, the % to Pivot maintains the % difference between the stock’s current price and

the pivot point. As the base develops, the % to Pivot is displayed in black in the top right corner of both Daily and

Weekly charts.

% FROM PIVOT
  

The % from Pivot displays the % difference between the current price and pivot point in addition to the number of

days or weeks (depending on whether you are viewing a Daily or Weekly chart) since the pivot was achieved. If

the stock’s current price is greater than or equal to the pivot, the % from Pivot will be blue. If the stock’s current

price is less than the pivot, the % from Pivot will be magenta.

POWER FROM PIVOT FLAG

  

Stocks advancing in price 20% or more within 15 days (3 weeks) of the pivot point are marked with the Power

from Pivot Flag. This type of powerful action following the breakout from a well formed base may indicate that

further strength can be reasonably expected. Under this circumstance, investment legend William J. O’Neil

encourages investors to consider holding the stock for at least 8 weeks (from the pivot) to fully capitalize on what

may be a true winner.

KEY PRICE RANGES

The Profit, Pivot, and Loss Ranges are determined from the pivot point for the most recent base. This is a quick

and easy way to identify ideal trading zones.

The Pivot Range is 0% to 5% above the pivot point and is highlighted in blue. Generally, this area is where an

investor would ideally make an initial purchase.

The Profit Target Range is 20% to 25% above the pivot point and identified by green highlight. When a stock is

purchased at the original breakout, this is a range to consider taking an initial profit.

The Loss Range is 5% to 8% below the pivot point and highlighted in pink. This range represents where investors

may want to cut a losing position.

Key Price Ranges can be enabled or disabled in the Chart Tools Menu.

TIGHT AREAS

Tight areas can often be a sign of strength within a chart. Tight areas are highlighted in blue on Weekly charts

when the closing price for at least three consecutive weeks is within a 1.5% +/- band.

Tight areas can be a sign of strength in a price chart. They also serve as alternate entry points for adding to an

existing position or establishing a position when an initial breakout is missed.

BREAKOUT DAY HOVER

Placing the cursor over the pattern on the chart will cause a window to appear that includes the Price % Change

and the Volume % Change, as measured against the 50-Day Moving Average on the day of the stock breakout.

The breakout day is the day where the price trades above the pivot price and will only appear on a Daily chart.

HIGHEST VOLUME
The highest volume in a day or week from the initial base is marked with an orange parachute icon. (The initial

base always has a Stage and Count of 1.) If a subsequent day or week has higher volume, without a new stage 1

base, the highest volume icon will move to that new day/week. After a long move from Base 1(1), the final top

might occur on the heaviest volume day from the beginning of the advance. If the highest volume occurs early in

the move and coincides with constructive price action, this activity could be a sign of strength.

RS LINE NEW HIGH

The RS Line becomes highlighted when it reaches a new 52-week high during the building of a base or during a

breakout day/week.
CLOSING RANGE

The closing range for each periodicity will appear in the Track Price Tool, which is activated by a left click

anywhere on the chart. The closing range is calculated as the percentage difference between the closing price

and the high price of the day. For example: If a stock’s daily closing price is the high price for that day, then the

daily closing range will be 100%. The Closing Range is calculated as the (Close - Low) ÷ (High - Low).

Back to Top

Base Patterns
CUP WITH HANDLE & CUP WITHOUT HANDLE
Looks like the silhouette of a cup with handle when viewed from the side. It is one of the most prevalent bases

identified by MarketSmith Pattern Recognition. In most, but not all cases, the bottom of the Cup should be

rounded, like a ‘U’ rather than a pointed‘V’. The ‘U’ shape indicates that the stock proceeded through a natural

correction, and so will have a better probability of success following its breakout.

As the stock approaches new highs (completing the right side of the cup), it will often pull back and have one last

shakeout before advancing further. This represents the handle area of the base.

Cup With Handle patterns can last from 6 to 65 weeks with depths ranging from 8% to 50%.

Cups Without Handles have slightly higher failure rates, partly because they do not experience a final shakeout

before their breakout. Those investors normally shaken out during the development of a handle sell after the

breakout, thus increasing chances of failed breakout. However, there are some Cup patterns that do advance

successfully without forming a handle. When no handle occurs, the pattern is labeled as a Cup.

Cup Without Handle patterns can last from 6 to 65 weeks, with depths ranging from 8% to 50%.

SAUCER WITH HANDLE & SAUCER WITHOUT HANDLE

  

Similar to a Cup With Handle, the Saucer With Handle tends to develop over a longer period of time and exhibits

less depth. The Saucer With Handle is more typically found among large-cap stocks.Saucer With Handle

patterns last at least 18 weeks, with depths less than 25%.

When no handle occurs, the pattern is marked simply as a Saucer.

DOUBLE BOTTOM

Its shape resembles the letter W, but the second bottom of the W must undercut the first bottom. A Double

Bottom can last from 7 to 65 weeks, with depth ranges from 10% to 50%. The pivot point is located on the top

right side of the W, where the stock is coming up after the second leg down.

FLAT BASE
  

Generally moves sideways within a relatively narrow price range. Flat bases often occur after a stock runs up

after breaking out of one of the other chart patterns.

Flat bases form over a 5 to 65 week range. The minimum depth is 0% with a maximum of 15%.

ASCENDING BASE

This price pattern is characterized by three pullbacks in price with the low of each pullback higher than the low of

the preceding pullback. Like Flat Bases, this pattern often occurs after a stock breaks out of an initial base and is

almost always caused by a short-term general market sell-off.

Ascending Bases develop over 9 to 16 weeks with each of the three pullbacks correcting between 6% and 25%.

CONSOLIDATION
An area of resistance failing to exhibit the qualities of either a Cup With Handle or any other defined base.

IPO BASE

This pattern is a relatively short and shallow area of consolidation that occurs immediately or soon after a

company’s initial public offering (IPO).

Given their inherent youth, IPO Bases last only from 2 to 5 weeks, with a depth range from 0% to 40%. Stocks

with recent IPOs, while generally riskier, may occasionally be attractive investments- especially if they exhibit this

pattern.

Back to Top

Pattern Recognition Dictionary

LEFT SIDE HIGH

The starting point of the pattern. In most cases, it is the highest intra-day price over the last 100 days (or 20

weeks) for daily (or weekly) charts.

LENGTH

The minimum and maximum number of days (weeks) needed to qualify as a pattern. The minimum and

maximum values will vary across patterns. For example, the Cup with Handle pattern needs a minimum of 30

days (or 6 weeks) of data for daily (or weekly) charts.

DEPTH
The maximum percent change from the left side high to the bottom (lowest intra-day low) of the pattern. The

minimum and maximum values will vary across patterns. For example, Cup with Handle maximum depth is 50%

while the Flat Base maximum is 15%.

Idea Lists
Idea Lists offers you a shortcut to either 1) finding new stocks to buy that leverage our
investing principles and Pattern Recognition, or 2) monitoring the stocks that you already
own or are watching, on up to 50 separate lists. You have the option to generate watch
lists by running select filter criteria against all Indian stocks.

All users have access to lists such as Up On Volume, Upcoming and Announced
Earnings, Recent Breakout, Breaking out Today & Failed Breakout, Near Pivot and
Extended Stocks, Price Gap up etc. to identify stocks with qualities associated with
increasing interest in the stock by professional investors. Additional lists, such as Growth
50, Trend Template, RS Blue Dot, GURU lists require a subscription.

Navigating your lists on MarketSmith India

 Tap on a stock in the list view to see the Evaluation view of a stock. Swipe left or
right to go to the next or previous stock in the list.
 Add a stock by simply tapping and holding on the mini chart, then dragging it onto
a personal list.

Evaluation View
The Evaluation view is composed of a stock chart and the stock-specific data in the
Details Tab. This view efficiently combines the key stock information you need to
validate your decision to buy or sell or to commit to further research.

The Chart Overview support content will provide you with an orientation of the data items
available on the chart and how they may be used to quickly evaluate a stock.

The Details Tab breaks down the data grid so you can better understand the
comprehensive fundamental and technical stock information available.

The Related tab provides details of the company’s competitors / peers. One can review
the company’s performance in comparison to its competitors and understand if it is
among the best in the industry.

The Checklist tab has five Gurus, William O’Neil, Warren Buffet, Benjamin Graham,
Peter Lynch, James P O’Shaughnessy and their key parameters. Investors can quickly
check if the stock meets the parameters the legends check for their analysis.

MarketSmith Guru Screens make it easy to get your screening process started by
generating stock ideas using established and proven methodologies. Guru screens are
designed to support a variety of investment strategies; they filter the MarketSmith
Database to uncover stock ideas based on the winning investment strategies of stock
market legends.
The Estimates tab provides analyst views on the stock, the consensus view, price
targets, EPS and Sales estimates. In addition, you can also find the broker / research
reports by various brokers here.

The Surveillance tab lets you know if the stock is part of any of the surveillance list or
has any obvious red flags so you can take necessary action.

Market Outlook
Market Outlook provides a weekly commentary on overall Indian market conditions, an
analysis of select stocks on our premium Growth 50 index list, and an evaluation of how
well our list performed versus the market. This outlook helps to clarify whether the
current market environment is helping or hurting growth stocks.

Model Portfolio
Model Portfolio is a weekly update on how the positions are progressing in the portfolio
of stocks picked by the research analysts at MarketSmith India. Following the changes
to our portfolio is a great way to see our method in action, and learn how to take
advantage of the powerful information available on the app particularly if you are new to
investing in Indian growth stocks.

Weekly commentary in the Model Portfolio includes its overall performance against the
National Stock Exchange, a list of positions entered, added to, or sold from the portfolio,
and any noteworthy performance by stocks, triggered by significant news events,
earnings releases, or technical changes.

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My subscription expires in two months time. If I renew now, when will the new
subscription start? If you subscribe now, the additional months will get added to you
current remaining days. For ex. you have two months and you subscriber for 12 months,
your total remaining will become 14 months.

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add "marketsmithindia@williamoneilindia.com" and "tradersmith@williamoneilindia.com" 
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MarketSmith India
MarketSmith India is more focused on long term investing and it is a full-fledged tool for
doing various types of analysis on Long Term Investing. We have various in-built
screeners to shortlist stocks and analyze the same. In addition, we have Model Portfolio,
Daily Outlook on the overall market, research reports, estimates and broker reports and
evaluation of every stock and a lot more.

If you are a beginner, we would suggest you start with our Model Portfolio, which
contains a list of stocks, which qualify CAN SLIM® criteria, and are added to the list on a
proper breakout from their pivots. While there may be many stocks which qualify for the
above, we ensure that the best and the most ideal of the lot are recommended. Stocks
are removed from the model portfolio when they breach our sell-rules, or when they
weaken technically. You can consider purchasing such stocks, when they are added to
the list. The additions are notified through the app and email alerts. It is recommended
that stocks are added, when they are within 5-7% price range from their pivot levels.
Similarly, investors can remove stocks when they receive the remove alert, which are
sent through the app or email

You can access our model portfolio

here https://marketsmithindia.com/mstool/modelPortfolio.jsp#/.

TraderSmith
TraderSmith India gives suggestions on Swing Trading environment to help you take
advantage of short term trends, which could be as low as 1 or 2 days. You can see our
current and past trade list here https://tradersmith.in/#/currentTrades.

AlgoSmith
AlgoSmith is an automated Stock portfolios service from William O'Neil India which
provides tailored strategies to invest in based on an investor's Risk Appetite and Growth
requirements. There are multiple tested strategies backed by over 60 years William
O'Neil Research and 10 years of fundamental data collected for Indian and Global
Markets. We give suggestions on the stocks, weights and a rebalance notification
whenever a stock is added / removed from the model portfolio.

Intra Day recommendations

We do not recommend stocks for Intra Day, you can check SwingTrading India which
gives suggestions on Swing Trading environment to help you take advantage of short
term trends, which could be as low as 1 or 2 days.

Model Portfolio
What is Model Portfolio? How do I take advantage of it? : Model Portfolio contains a
list of stocks, which qualify CAN SLIM® criteria, and are added to the list on a proper
breakout from their pivots (resistance levels). While there may be many stocks which
qualify for the above, we ensure that the best and the most ideal of the lot are
recommended. Stocks are removed from the model portfolio when they breach our sell-
rules, or when they weaken technically. Investors can consider purchasing such stocks,
when they are added to the list. The additions are notified through the app and e-mail
alerts. It is recommended that stocks are added, when they are within 5-7% price range
from their pivot levels. Similarly, investors can remove stocks when they receive the
remove alert, which are sent through the app or e-mail

A stock was added to the Model Portfolio last month. Can I buy it? : Buying right
solves half of your selling problems. The ideal buy range for a stock is when it is
purchased within 5-7% price range from its pivot. Our research shows that buying within
the 5-7% range, enables you to sit through most of the normal price corrections in a
stock. Therefore, please ensure that you buy stocks only when they are recommended
and are not extended more than 7% from their pivot. You should also look at the current
market condition, even if the stock is available in the buy range. There is a possibility
that the market direction could have changed as our recommendation, and hence it is
important to keep an eye on the market trend before making any new purchase. If you
like a stock in the model portfolio, but have missed buying it, either because the stock
was not available within the ideal buy range or the market direction was unfavourable.
Do not worry. The stock market provides ample opportunities in terms of other stocks or
new entry points into your favourite stock.

How many stocks should I own? (Ideal number of stocks in a portfolio) : Individual
investors with a large portfolio, say of INR 10 lakhs, need not own more than six or
seven well-selected stocks. Smaller capital investments should consider holding only
three or four stocks. Once you own the required number of stocks and if a tempting
opportunity comes along that you think is really great, you must buy more only by selling
off your least attractive investments. The more stocks you own, the harder it is to
maintain a proper track of them. Additional capital could be used to average-up existing
positions, when such stocks break out of proper bases. The objective is to have one or
two big winners rather than dozens of small profits.

When do stocks get added/removed to/from portfolio? How frequent would be the
changes? : Stocks are added to the MarketSmith India model portfolio based on
fundamental and technical title: 'CAN SLIM, Our Methodology', strength, using the CAN
SLIM® methodology. While many stocks may qualify our CAN SLIM® criteria, they are
added to the Model Portfolio, when they breakout from their bases (price consolidation
patterns) and when they close strongly near their pivots (previous resistance levels).
Stocks are removed from the model portfolio when they breach our sell rules including
stop-loss hits (we follow a 8-10% stop- loss rule), and 50-DMA and 200-DMA breaks on
huge volume. Stocks could also be removed on an account of profit booking (20-25% or
higher). Stocks showing technical weakness, without strictly breaching the above sell
rules are also considered for removals. Stocks are added and removed, based on the
volatility of the market. Our research has shown that three of four stocks trend along with
the general market. If the market is in a Confirmed Uptrend, the green signal remains on
for new stock purchases. Similarly, when the market is in a Downtrend, we generally
avoid adding any number of stocks to the model portfolio..

What should be the minimum portfolio size to take advantage of MarketSmith

India model portfolio (1 lakh, 10 lakh?) : Stocks provide an advantage of investing in
even with the smallest of token sizes. While we do not provide any emphasis on the size
of the portfolio, per se, we recommend investors to not hold too many stocks in their
portfolio. Smaller capital investments should consider holding not more than three or four
stocks. Individual investors with a large portfolio, say of INR. 10 lakhs or more, need not
own more than six or seven well-selected stocks.

How many stocks will you have in the MarketSmith India model portfolio? Should I
hold all of them? : The number of stocks in the model portfolio could range anywhere
from 1 to 40. The model portfolio represents Model stocks, and how to enter them at
their Ideal buy points. While it is not advised to add every single model portfolio stock to
your portfolio, investors are advised to select the best of the stock ideas which appeal to
them. Holding a few good ideas can generate the required returns, when purchased at
proper buy points, and when strict sell-rules are followed. While the model portfolio could
have a higher number of stocks, going up to 40, it is only an indicative list on screening
for CAN SLIM® stocks and entering them at their ideal buy points. Please note, the
model portfolio performance has beaten the benchmark; inspite of the number of stocks
in the portfolio indicating the effectiveness of the CAN SLIM® growth strategy.

What is the benchmark index of the model portfolio? : The Nifty 50 has been the
benchmark selected to evaluate the performance of the MarketSmith India model
portfolio. The model portfolio could comprise any of the micro, small, mid, or large cap
stocks, which qualify our liquidity criteria, resulting in the general market to be our
universe. The performance of the model portfolio has well-beaten the benchmark from
inception, even after adjustments for regular trading fees, implying the effectiveness of
the CAN SLIM® growth strategy. Important Note: The model portfolio is run with an
objective to provide effective stock ideas to the investor, and not strictly with an objective
to beat the benchmark. While we are happy to assume responsibility to track the
performance of our recommendations, we believe running a model portfolio, with an
objective to purely generate alpha using the CAN SLIM® methodology, could generate
far superior returns.

When will I be notified about a stock addition or removal? : Subscribed users are
notified of any additions or removals to the model portfolio through a notification from the
MarketSmith India app, and an e-mail alert to the registered e-mail of the user. The app
and the e-mail alerts contain information including the add/remove prices for the stock,
market cap, volume, industry details, stock research, etc. Alternatively, one can refer the
model portfolio section.

What is Growth 50 list and will there be common stocks in Growth 50 and Model
Portfolio? : The Growth 50 list is algorithmically generated list of the top growth stocks
in India, with strong fundamental and technical characteristics. The list gets updated on
a weekly basis, and can have stocks that may or may not be available at their ideal buy
points. There is a likely possibility that there could be common stocks in Growth 50 and
the model portfolio.
Will I get notification of addition/removal on Growth 50 list? : No, there is no
notification sent on the Growth 50 list. The list gets updated on the product every Friday,
close of business. Please click on the Growth 50 tab to see the list. The list also includes
Recent Additions and Recent Removals tab.

How do I use Growth 50 list? : Growth 50 provides you with algorithmically generated
list of the top growth stocks in India. One can then filter out top stocks using TOP
STOCKS-NEAR BUY POINT. However, the list does not consider the chart patterns.
Once you select any stock, you should research further and wait for the ideal buy point
before taking the final decision on that particular stock.

How do I screen stocks based on certain parameter? : On clicking Filter India Stocks
under Idea Lists, you can see an option to Filter and sort the list of stocks. The list of
stocks can be filtered by five of our proprietary ratings (Master Score, EPS Rating, Price
Strength, Buyer Demand, and Group Rank) and eight other common parameters
(Market Cap, Average Daily Volume, % off High, Volume % change VS. 50-DMA, Daily
Price % Change, Current price, ROE%, % VS. Pivot.
 
Where can I see your recommended stocks? : You can refer to Current Holding in
India Model Portfolio list or the Growth 50 list for our recommendations. Please note,
Growth 50 is an algorithmically generated list and it gets updated once a week, every
Friday.

How do I get a list of stocks from the top 20 Industry Groups? : Click the Idea Lists
button on the home page, followed by the "Filter India Stocks" button under the
"MarketSmith Reports" panel. Once this is completed, tap the button on the top right
corner labelled either as "Filter Off" or "Filter On." This section enables you to create
your custom stock screens using various criteria, including MarketSmith India's
proprietary ratings and rankings. You can view stocks using the "Group Rank" button,
which are great (1-20), good (21-40), fair (41-60), or poor (61-197). You can use the
additional filters to customize and strengthen your list of stocks.

What are the initial criteria applied before CAN SLIM® criteria is used? : At
MarketSmith India, we look at two criteria for the initial screening of stocks before and
further examining for CAN SLIM® traits.

 Market Capitalization of INR 600 crore or more.

 50-Day Average daily trading turnover of INR 1 crore or more.

Why do you send out recommendations post market hours? : CAN SLIM®
methodology would gauge the breakout based on the close price and the volume of the
day. Stock closing above the pivot with above average volume indicates strength and
hence, we recommend stocks post market hours.

How do I select four to five stocks from the Model Portfolio? : The number of stocks
in the model portfolio could range anywhere from 1 to 40. The model portfolio represents
Model stocks and how to enter them at their Ideal buy points. While it is not advised to
add every single model portfolio stock to your portfolio, investors are advised to select
the best of the stock ideas which appeal to them. Holding a few good ideas can generate
the required returns, when purchased at proper buy points, and when strict sell-rules are
followed. While the model portfolio could have a higher number of stocks, going up to
40, it is only an indicative list on screening for CAN SLIM® stocks and entering them at
their ideal buy points. Please refer Current Holdings Near Buy Point for actionable
stocks at any given point of time.

Can you give a target price and time period? : We do not recommend stocks based
on a specific time period or target price. Our model portfolio recommendations have
spun as short as a few days or weeks, or it could even take few months before they
generate the desired level of returns (20-25% profit booking level). The CAN SLIM®
methodology follows the below sell-rules.

 Stop-loss at 8-10% below your purchase price.

 Profit booking level of 20-25%.
 Break below the stock's 50 or 200 DMA support level on high volumes
 The only exception when we have a specific time frame is when a stock jumps
more than 20%

very rapidly from a proper base in under three weeks, we would like to hold
stocks for a minimum of eight weeks.
Can I buy a stock, if it is trading below the recommended price? : At MarketSmith
India, we would ideally take a new position in a stock within a range of 5% from its Pivot
price. It means that the lower limit of the buy range would be the pivot price, and the
upper limit is 5% over the pivot price. In case the stock price falls below this buy range, it
is suggested to wait for the stock to come back into the buy range before exercising new
buy orders. However, if the investor is convinced and confident about the growth story,
he may as well take an aggressive entry that would help in capturing the up-move from
current price to pivot. By this we mean that even if the stock falls below the buy range,
after our recommendations, a good quality stock will eventually move up in the
subsequent trading sessions.

How often does "Greatest Improvement In Masterscore" change? Can the list of
stocks in this screen change daily? This list features companies with the greatest
improvement in Masterscore. The list is updated every day and Current Masterscore
must be at least 68 and 5% better than last week. A special screen is used to eliminate
most stocks that are extended in price.This proprietary rating is composed of earnings,
sponsorship, relative strength, group rank and other factors that may influence the future
stock price. A large improvement in Masterscore could lead to a stronger performing
stock.

In general, concentrate your investment research on stocks with a rating of B or better.

Escorts's rating is B. The ratings range from A to E, with stocks with master score >=80
rated as A, 60 to 80 rated as B, 40 to 60 rated as C, 20 to 40 rated as D and 20 to 1
rated as E.
Why don't you recommend Penny / cheap Stocks? Regardless of how much money
you want to invest in stocks, it's always a good idea to avoid cheap stocks. The market
is an auction place in which stocks sell for what they're worth at the time. So when you
buy cheap stocks, you get what you pay for. Our studies of the best-performing stocks
found that not many penny stocks made huge advances. Keep in mind that institutional
investors – who do most of the trading in the market and can really make a stock move-
generally avoid low-priced stocks. You should focus on stocks priced at least Rs 50 a
share. We don't consider penny stocks because in most cases they're cheap for a
reason.

However, if you still want to look for cheaper stocks you could look at stocks listed under
Guru Screen - Warren Buffett. This screen emphasizes metrics looking for companies
with long term past and potential future growth. Of the stocks returned by the screen,
Buffett most likely would emphasize those trading at reasonable prices. The stocks
having Market Capitalization greater than 500 crore and Average Rupee Volume greater
than 10,000 are considered to filter stocks for the list.

How do I screen stocks based on certain parameter? : On clicking Filter India Stocks
under Idea Lists, you can see an option to Filter and sort the list of stocks. The list of
stocks can be filtered by five of our proprietary ratings (Master Score, EPS Rating, Price
Strength, Buyer Demand, and Group Rank) and eight other common parameters
(Market Cap, Average Daily Volume, % off High, Volume % change VS. 50-DMA, Daily
Price % Change, Current price, ROE%, % VS. Pivot.
 
How do I get a list of stocks from the top 20 Industry Groups? : Click the Idea Lists
button on the home page, followed by the "Filter India Stocks" button under the
"MarketSmith Reports" panel. Once this is completed, tap the button on the top right
corner labelled either as "Filter Off" or "Filter On." This section enables you to create
your custom stock screens using various criteria, including MarketSmith India's
proprietary ratings and rankings. You can view stocks using the "Group Rank" button,
which are great (1-20), good (21-40), fair (41-60), or poor (61-197). You can use the
additional filters to customize and strengthen your list of stocks.

What is Evaluation?
The MarketSmith India Evaluation gives you an unbiased instant assessment of more
than 3,900 stocks. Quickly evaluate a stock's rank with our Master Score, a summary
proprietary rating, which is based on the EPS, Price Strength, Buyer Demand, and
Group Rank ratings.
The Evaluation view is composed of a stock chart and the stock-specific data in the
Details Tab. This view efficiently combines the key stock information you need to
validate your decision to buy or sell or to commit to further research.
The Chart Overview support content will provide you with an orientation of the data items
available on the chart and how they may be used to quickly evaluate a stock.

Evaluation Page
Where is buy price and exit price?MarketSmith India follows CAN SLIM®, a growth
strategy developed by our founder, William O'Neil. According to an independent, real-
time study of more than 50 leading strategies by the American Association of Individual
Investors, CAN SLIM® is rated as one of the top strategies. Please watch videos listed
here https://marketsmithindia.com/mstool/investingVideos.jsp to know more about our
methodology or attend our webinar of CAN SLIM®.

The buy and exit price range can be identified by the blue and pink colour on the chart
which appears post a stock breaks out of a chart pattern.

What is Master Score Rating? : The MarketSmith Master Score combines

characteristics of the most successful stocks into one easy to use rating. The formula
incorporates earnings growth, relative price strength, price-volume characteristics,
industry group relative strength, and other factors. In general, concentrate your
investment research on stocks with a rating of B or better.
What is EPS Strength? : Great earnings growth is what separates the best stocks from
crowd. But it is not enough to just have one or two periods of solid growth. A standout
stock needs both a sound growth record in recent years, and a strong current earnings
record in the last several periods. As a shortcut for identifying such stocks, the
MarketSmith developed its Earnings per Share (EPS) Rating. Indian stocks are ranked
on a 1-99 scale with 99 being the best. The MarketSmith India suggests focusing your
efforts on stocks with an EPS Rating of at least 80.

What is Price Strength? : Human nature being what it is, most people invest
backwards. They want to buy what is the down the most and sell what is up. The best
stocks are superior price movers even before their big price moves. You should look for
stocks with price leadership. The MarketSmith Relative Strength (RS) rating shows you
which stocks are the best price performers by measuring the stock's performance over
the previous 12 months. That performance is then compared with the performance of all
other publicly traded companies in India on 1-99 scale, with 99 being the best.
MarketSmith India suggests focusing your efforts on stocks with an RS Rating of 80 or
more.

What is RS line? : Relative Strength (RS) Line: The relative strength line compares a
stock's price performance versus the benchmark / index. Many charting services plot a
RS Line along with the stock's price, moving averages, etc. The line is derived by
dividing the stock price by the benchmark / Index value. An upward sloping line means
that the stock's price is outperforming the benchmark / Index.

What is Buyer Demand or Accumulation/Distribution Rating? : Professional

investors wield a huge amount of influence over stock's price. Thus, it is essential that
you buy the better stocks that professionals are buying and you may sell or avoid the
ones that they may be selling heavily. A quick way to keep a track of the end results of
professional trading is the MarketSmith Accumulation/Distribution Rating, which is based
on daily price and volume changes. It tells you, whether your stock is under
accumulation (professional buying) or distribution (professional selling). Stocks are rated
on an A-E scale, with A being the best. Generally, you should confine your purchases to
C or better.

What is Industry Group Rank? : The majority of leading stocks are usually in leading
industries. MarketSmith India studies show that roughly half of stock's move is driven by
the strength of its respective group. MarketSmith India divides stock into 197 industry
groups. It then ranks them on six-month price performance, with the number 1 group
being the best performer. Concentrate your research on stocks in the top 40 groups.

What is Pattern recognition? : The founder of MarketSmith, William J. O'Neil, is one of

the pioneers of technical stock analysis. In the studies conducted to identify of what
works in the stock market are key patterns on stock charts that many of the biggest
winners formed before they went on to huge gains. MarketSmith India's Pattern
Recognition feature helps you spot these patterns.
The Pattern Recognition feature includes the following elements: Chart Pattern: The
solid dark green underscore identifies the pattern. Pivot Line: The dashed dark green
line represents the pivot line. When a stock passes the pivot line, it is a sign of technical
strength. This is an ideal entry point to buy a stock.
Tight Area : Aqua blue highlights represent Tight Areas, which are identified when a
stock closes within a 1.5% price range for at least three consecutive weeks. Tight Areas
can be a sign of strength and serve as alternate entry points.

Chart Overview Would you trust a doctor who never looked at an X-ray or an MRI? How
about a navigator that never looked at a map?
What an X-ray is to a doctor, a price-volume chart is to a stock investor. Price changes
are the result of the daily supply and demand in the large auction marketplaces that
stock markets represent. Our founder, William J. O'Neil, was a pioneer in using stock
charts to identify the optimal times to buy and sell stocks. The charts in our application
reflect his research of over 50 years on what is most critical in making profitable
investing decisions.
In this section, we will go into detail on how to read our Daily and Weekly price charts
and what the different indicators mean and how they can be valuable for your investing.
To start, here is a visual overview of our weekly chart view for Android. Below we go into
more detail of how to use these indicators.
Weekly
Chart 
The Basics The two main components to our stock chart are the Price section at the
top, and the Volume section below.

In the Price section, the vertical price bars show you the stock's price range for that day
(on a daily chart) or for the week (on a weekly chart). The horizontal slash shows you the
stock's closing price. In general, you would prefer stocks that tend to close at the top of
their ranges, a sign of strength.

When a day or week finishes up in price, it is colored in blue. Down days are colored in
magenta. You can cross reference each price bar to its volume bar down below. When a
stock moves higher in high volume, it is a sign that institutional investors may be
accumulating shares. On the other hand, if it starts to move lower on increasing volume,
it could be a sign that institutional investors are heading for the exits.

We include two important moving averages on our charts by default, the 50-day moving
average(10-week on weekly) in red and the 200-day moving average (40-week on
weekly) in black. Since institutional investors track these levels closely, they are key
support levels for a stock. A powerful stock will tend to bounce off these levels to higher
prices.

We also include a 50-day (10-week on weekly) moving average in red next to the
volume bars. This is a quick visual indicator if volume for that period is above or below
normal. The number next to Vol in the volume area is the Volume rate. That compares
the volume for the day or week against its average volume. A +34% rate would mean
the volume was 34% above average for the most recent volume node.

In blue beneath the price bars is a Relative Strength line. This plots the stock's
performance to the larger market as represented by the Sensex/Nifty index. If the stock
is outperforming the Sensex/Nifty, its relative strength line will move higher. If it is
underperforming, the line will drop. The number next to the RS line is our RS Rating
which ranks all stocks on 12-month price performance on a 1 to 99 scale, with 99 being
the best performing stocks. We prefer to concentrate on stocks with Relative Strength
Ratings of 80 or higher.

Chart Scaling Our default scale for a weekly chart is a logarithmic (log) scale.
Logarithmic scale intervals are based on percentage or proportional changes. For
example, the percentage change from 1 to 2 (100%) is same as the movement from 2 to
4 (100%), 4 to 8 (100%), etc. We use a fixed log scale to ensure that the same amount
of physical distance is used for similar percentage moves. This lets you quickly
determine different characters among various stocks, from a stock that doesn't move
very much to a more volatile one.

The default scale for the daily chart is linear (lin). Linear scales use equal spacing
between each value. This means that a move from 1 to 2 looks that same as a move
from 10 to 11. This can let you see moves in greater detail.

If you prefer an alternative view, you can toggle the scale between log and linear by
tapping on the vertical scale area. The same can be done for the volume scale.

Pattern Recognition The founder of MarketSmith, William J. O'Neil, is one of the

pioneers of technical stock analysis. In his studies of what works in the stock market he
identified key patterns on stock charts that many of the biggest winners formed before
they went on to huge gains. MarketSmith India's Pattern Recognition feature helps you
spot these patterns.

The Pattern Recognition feature includes the following elements: Chart Pattern The

solid dark green underscore identifies the pattern.
Pivot Line The dashed dark green line represents the pivot line. When a stock passes
the pivot line, it is a sign of technical strength. This is the ideal entry point to buy the
stock.
Tight Area Aqua blue highlights represent Tight Areas, which are identified when a
stock closes within a 1.5% price range for at least three consecutive weeks.
Tight Areas can be a sign of strength and serve as alternate entry points. Profit
Range The box with the light green background, 20% to 25% above the pivot, is an area
O'Neil recommends you consider locking-in initial gains.
Buy Range The buy zone, 0% to 5% from the pivot price, is represented by a box with a
light blue background.
Loss Range The box with the pink background highlights 5% to 8% below the pivot
price. To manage risk, O'Neil recommends that you limit losses to no more than 8%.

In order to understand the charts and product better and take advantage of the same,
we request you to watch these small videos.

 Chart Patterns (https://youtu.be/Jr7VCCBlAMQ)
 The importance of chart patterns (https://youtu.be/uYbYF-cSzXo)
 How to read charts with skill (https://youtu.be/C-Tb8YW6U6c)
 Using charts to time your selling (https://youtu.be/Xh-zsBzkX6c)
 Buy and Sell Rules and Chart Patterns (https://youtu.be/DWWJGxfV2MY)

The videos and many other videos are available

here https://marketsmithindia.com/mstool/investingVideos.jsp
How to add Moving Average lines?The 50 DMA and 200 DMA lines on Daily chart and
10 and 40 Week Moving Average lines on Weekly chart are included by default.
However, if you cannot see the same, you can click on the chart settings wheel which is
right next to periodicity tabs at the bottom of the chart and make sure you click on reset
to defaults on all the three periodicities, Daily, Weekly and monthly.

In case you want to include or edit the moving average lines, you can do that same by
clicking on the chart settings wheel.

Earnings Block

The default toggle of the block contains percentage changes for earnings and sales on a
year-over-year basis along with the margin after tax for the period. We like to focus on
stocks with strong earnings and sales growth with strong and improving margins. The
biggest winners often have earnings and sales growth of 25% or more. Pay particular
attention to stocks with accelerating growth. Our studies have shown this is a potential
sign of a great stock.

The alternative toggle of the earnings block provides the actual values on an earnings
and sales basis along with the P/E Range for the period.
Can we see real-time price and volume on the product? NSE intraday price quotes
on MarketSmith India are delayed by about 2 minutes while BSE intraday Price and all
volume quotes on MarketSmith India are delayed by about 20 minutes.
What does green, blue and pink shade in charts
indicate? 

Details Tab:
1. Company Information

Industry Group - A proprietary classification of stocks into 197 groups, based on a

company's major source of revenue, competitors, products, markets served, etc. Stock
prices for stocks in the same Industry Group tend to trend together.

Headquarters - The location of a company's main offices.

Web Address - URL Address where a company provides information via the Web.

Company Description - A brief description of the company's operations. This

summarized item is based on the information provided in the company's annual report. It
is updated annually or when major changes in company operations occur.

2. Stock Information

Market Capitalization - The total market value of the company, which is calculated by
multiplying shares outstanding by the stock price. Companies with more than one class
of common stock will display two sets of figures: The first data item is the market
capitalization for all classes of common stock. The second figure (inside parentheses) is
the market capitalization of the class that is being viewed, and not necessarily the
"primary" class.

Sales - Annual sales as of the company's most recently completed fiscal year.

Shares in Float - Number of shares owned and available to the public for trading. This
amount represents the total capitalization less restricted shares, insider positions, and
shares held by management. If this data field is blank, all company shares outstanding
are considered to be available for public trading (Float Supply will equal Shares
Outstanding.)

3. Annual Earnings

Fiscal Year End - The end date of the 12 month period used by a company for
accounting purposes. Does not necessarily correspond to the calendar year end.
Indicated under the Year label.
Earnings Per Share, Annual Results - When available, up to eight years of annual
earnings per share results will be displayed. Results are adjusted for stock splits,
restatement of earnings, and/or related items in order to provide truly comparable data.

Price Range, 52-Week High/Low - Indicates the highest and lowest price the stock has
reached in the last 52 weeks of trading. Price range data includes intra-day highs and
lows.

4. Stock Ratings

Master Score - The MarketSmith Master Score incorporates earnings growth, relative
price strength, price-volume characteristics, industry group relative strength, and other
factors to create one easy to use rating of stocks that share similar characteristics of the
most successful stocks in our historical studies. In general, concentrate your investment
research on stocks with a rating of B (60) or better.

Earnings Per Share (EPS) Rating - The EPS Rating compares a company's earnings
per share growth with all other domestically traded companies in our database. Stocks
are rated on a 1 to 99 scale (best), based on a calculation that combines the company's
two most recent quarters of earnings per share growth with its three-year to five-year
annual growth rate. Strong earnings are essential to propel a stock upward in the
market. Based on our studies of history's greatest outperforming stocks, we prefer
stocks with an EPS rating of 80 or better.

Price Strength = Relative Strength (RS) Rating - The Relative Strength Rating shows
you which stocks are the best price performers over the previous 12 months. The
performance is then compared with the performance of all other publicly traded
companies in India on a 1 to 99 scale, with 99 being the best. Based on our studies of
history's greatest outperforming stocks, we prefer stocks with an RS Rating of 80 or
better.
Accumulation/Distribution (Acc/Dis) Rating® - The Accumulation/Distribution Rating
measures the degree to which the market is buying (accumulation) or selling
(distribution) a particular stock over the past 13 weeks. Since stock prices are directly
affected by how many investors are buying or selling it, this rating helps you determine a
stock's most likely future direction. A=Heavy buying, B=Moderate buying, C=Equal
amount of buying and selling, D=Moderate selling, and E=Heavy selling. Based on our
studies of history's greatest outperforming stocks, we prefer stocks with an Investor
Demand rating of "C-" or better.

Group Strength = Industry Group Rank - The Industry Group Rank measures a
stock's industry group performance over the past six months. History shows that the
biggest advances come from quality stocks in the strongest industries. The upward
movement of a whole industry boosts the potential of stocks within the group. This rating
grades all 197 Industry Groups from 1 (best) to 197 (worst), so you can focus on the
best groups. Based on our studies of history's greatest outperforming stocks, we prefer
stocks with an Industry Group Ranking of 1 to 40.

5. Key Financial Stats

Yield - This figure represents the relationship of an annualized dividend to a stock's

price. To create this figure, we "annualized" (multiply by pay frequency) the most
recently paid dividend and divide it by the prior day's closing price. When a stock does
not pay a dividend, the data item will be reported as NONE.

Book Value x (Value) - Calculated by dividing the current price by the per share book
value (total shareholders equity for fiscal year-end divided by common shares
outstanding.)

Up/Down Volume Ratio - A 50-day ratio that is derived by dividing total volume on up
days by the total volume on down days. A ratio greater than 1.0 implies positive demand
for a stock.

EPS Growth Rate, 3-5 Year - The average earnings per share growth rate over the last
3-to-5 year period based on a trailing four-quarter count. The amount of time used for
this calculation will consist of at least three years but no more than five years of positive
earnings per share. The biggest stock market winners historically showed an annual
earnings growth rate of 25% or more before they made their huge gains.
Earnings Stability - Lower numbers represent more stable company earnings history.
Higher numbers represent a tendency for more volatile or unpredictable earnings history.

Price/Earnings (P/E) Ratio - The P/E ratio is computed daily using the most recent
closing price and the latest trailing 12 months of earnings.

Price/Earnings (P/E) Ratio, 5-Year Low/High Range - Represents the lowest and
highest Price/Earnings Ratio range a stock experiences over a period of up to 5 years. A
P/E ratio is derived by dividing a closing price by the summation of the latest four
quarters of earnings.

Return on Equity - Presented as a percentage figure, it is derived by dividing annual

income by an average of the latest fiscal year and the prior year's stockholders equity.
Brackets [ ] will surround the ROE percentage if the net income being used to derive the
data is not from the most recently completed fiscal year and will indicate the year the
percentage figure corresponds to. As an indicator of a company's financial performance,
it measures how efficient a company is with its money. The biggest stock market winners
historically showed an ROE of 17% to 50% before they made their huge gains.

Cash Flow Per Share From Operations - Derived by adding depreciation, depletion
and amortization to the company's net income and dividing this figure by the shares
outstanding. Brackets [ ] will surround the Cash Flow figure if the net income being used
to derive the data is not from the most recently completed fiscal year and will indicate the
year the figure corresponds to.

Debt - Expressed in percentage, this figure is based on fiscal year-end values, dividing
the long-term debt (including lease obligations, convertible debt and mortgages) by
shareholders equity.

Alpha - An expression of how much a stock would have appreciated or depreciated on

average on a daily basis over the last year, assuming the market index remained
unchanged during the period. For example, an ALPHA of 0.1 means the stock's price
would have appreciated at the rate of 0.1% per day over the last year, assuming an
unchanged market index. At least 260 days of price history are needed to compute the
Alpha data item. It is updated daily after the market close.

Beta - Measures a stock's price volatility relative to price performance of the market
index, over a 12-month period. Beta values range from 9.99 (positive) to -9.99
(negative). A stock with a high beta coefficient (in absolute terms), such as 2.50 or -2.50,
is likely to have greater price percentage movement relative to the market index.
Conversely, a stock with a low Beta coefficient (in absolute terms), such as 0.75 or -
0.75, will have the tendency to rise or fall in price more slowly than the market index. At
least 260 days of price history are needed to compute the Beta data item. It is updated
every day after the market close.
6. Quarterly Earnings

Earnings Per Share, Interim Period Comparison - Interim period earnings per share
compared to earnings in the same interim period of the previous year. Amount is based
on continuing operations.

Earnings Per Share Percentage Change - Percentage change in earnings per share
compared to the same interim period of the previous year. Figures in blue represent an
increase in earnings from prior year interim period, whereas figures in magenta indicate
a decrease in earnings per share. The biggest stock market winners historically showed
an interim period earnings growth rate of 25% or more before they made their huge
gains.

Sales, Interim Period Comparison - Most recent interim period sales amount versus
sales amount of same interim period in the previous year.

Sales, Percentage Change - Percentage change in sales compared to the same interim
period of the previous year. Figures in blue are equal to, or greater than sales from prior
year quarter, whereas figures in magenta indicate a decrease in sales.
Market Outlook

What is Market Condition? : The general direction of the stock market affects
individual stocks, corresponding to it the tide raises or lowers all ships. Understand the
market's impact on your stocks which makes you know whether to set sail or be an
abandoned ship. MarketSmith India has an objective way of analyzing the market, and
we classify the market into four different conditions.
Confirmed Uptrend: Best time to buy stocks
Uptrend Under Pressure: Proceed with caution
Market in Correction: Avoid fresh buys
Rally Attempt: Wait for the market to follow through or strong price action in leading
stocks before acquiring new positions

Portfolio Evaluation

What is PortfolioSmith? : PortfolioSmith is a portfolio evaluation tool that uses

algorithms to provide a quick analysis of your portfolio or its constituent stocks and make
recommendations based on the CAN SLIM® methodology. You can evaluate your
current portfolio to make sure you are on the path to maximize wealth creation.
PortfolioSmith makes it easy to diagnose your stock ideas and see if they earn a pass,
neutral, or fail score for the ratings and other critical technical and fundamental factors.
Who is analyzing my portfolio? : PortfolioSmith algorithmically evaluates your portfolio
and provides recommendations based on the CAN SLIM® methodology by using
machine learning and AI. We are trying to incorporate all aspects an analyst would look
into. This helps us provide an unbiased report/evaluation in less than a minute for up to
100 stocks.

Why 13 or 52 reports per quarter/year? : We believe evaluating your portfolio once a
week will give you vital insights to take further steps to protect capital and maximize
wealth creation.

How can I upload my transactions?You can upload your transactions using one of the
following options:

 Upload your Zerodha Traderbook

 Select custom and upload transactions in the format provided in the sample csv
file
 Manually enter the transaction
 Import transactions from MarketSmith India My Portfolio.

What is the rationale for recommendations? : We base our recommendations on the
CAN SLIM® growth investing strategy. It considers both fundamental and technical
aspects to give BUY/SELL ratings.

What is the rationale for increasing or decreasing allocation in a particular

stock? : We use portfolio allocation models to arrive at the optimal allocation for each
stock in the portfolio.

How often do the recommendations change? : There is no fixed time period for the
change in recommendations. Since price and moving averages are also considered, the
recommendations can change as early as one day or continue to remain the same for a
longer duration too.

Should we enter split adjusted prices? : No, you can enter your actual buy and sell
prices. The system will apply the required split factors.

Why does it say "We do not support short selling transactions, please exclude
them or include the corresponding Buy transaction too"? : The analysis does not
consider short selling. Please make sure you have included the corresponding buy
transaction for each sell. The sell quantity for a stock should be less than or equal to the
buy quantity of the stock. Also, make sure the buy transaction date is older than its sell
transaction date.

Why is the performance section blank? : The performance section includes best
winners/exclusions and worst losers/exclusions. This is arrived at by considering the
position you have closed. In case you have not included any closed position/sell
transactions, this section will not populate.

What if I don't use all my 13 reports within the 90 days? : The monthly, quarterly,
and annual subscription is valid only for 30, 90, and 365 days, respectively. If you do not
generate the given reports, they will expire/lapse at the end of your subscription days.
Is there any transaction cost that you consider while calculating Profit/Loss? : No,
we do not consider transaction cost in our calculations.

The report asks me to sell certain stocks. Which stocks should I buy now? : The
tool identifies weak stocks for SELL recommendations. Also, if you are over invested in
any particular stock, you will be asked to REDUCE. This will lead to cash balance. To
know which stock you should buy, you can subscribe to our Model Portfolio or Algos in
AlgoSmith.

Recommendations
IPO Stocks : We do not recommend buying an IPO. The main reason for not
recommending buying an IPO on its first day of trading or before is that there is no stock
chart available to help you evaluate the stock. Further, it is difficult to determine whether
or not an issue is overpriced since there is no well- established market for IPOs. Some
issues may be hyped up or heavily oversubscribed, causing the stock to open far above
the price set by the underwriter. Many investors who place market orders to buy shares
of IPO's on the first day of trading find that their orders are executed at prices far higher
than they would have expected. By waiting until an IPO has been trading in the
marketplace for two or three months or more, you have additional valuable market price
and volume action data on which to judge the situation.
After its initial public offering (IPO), it can take weeks, even months, for a new stock to
establish a price range where investors feel comfortable. You can also read our article
on IPO The safest time to buy an IPO is on the breakout from its first correction and
base-building area. https://marketsmithindia.com/mstool/marketOutlook.jsp#/posts/
2020091902

Target Price : We at MarketSmith India, identify stocks which have strong fundamentals
and institutional holdings. We add a stock to our model portfolio when it breaks out from
sound base patterns with high volumes. As per our methodology, we do not predict a
Target Price or the time horizon in which a target price would be reached. We hold the
stock until there is no technical weakness or any negative factor we observe to remove
the stock.

RS Blue Dot : Blue dot is a confirming tool or as a leading indicator while it’s still forming
a base. This would give enough time to prepare for the potential breakout. Earlier we
can get them on our radar, we get enough time to research and take a position at the
right buy point / breakout.
The more number of dots indicates that the stock is trending upwards making new RS
highs and might breakout soon. The ideal buy point would be what we call the pivot,
representing an area of resistance i.e., a price ceiling at which the stock has previously
encountered selling. https://marketsmithindia.com/mstool/blueDot.jsp#/

Trend Template : We have in-built screens on Mark Minervini’s Trend Template under
Idea List.
A. The 1-Month Template is sort of a “heads up” screen, where you’re able to see the
early turn in a stock as it starts to transition into an uptrend. The 200-day moving
average has only been trending for 1 month. That gives some lead time if you start
watching and see if it confirms and ends up rolling over to the 5-Month Template. The
other thing, too: high tight flags, your power play patterns, will sometimes run up very
quickly and they don’t give the 5-month template enough time to pick it up. So, you can
pick up a lot of high-tight flags in the 1-Month.
The 5-Month Template is the main qualifier. These are stocks that have had their 200-
day moving average trending up for at least 5 months. The names that show up on this
screen (the ones that have proved themselves to be in a Stage 2 uptrend) are the ones I
watch closely and consider buying, but only if they emerge from a constructive
base.https://marketsmithindia.com/mstool/ideaLists.jsp#/52/81

Portfolio Evaluation
What is PortfolioSmith? PortfolioSmith is a portfolio evaluation tool that uses
algorithms to provide a quick analysis of your portfolio or its constituent stocks and make
recommendations based on the CAN SLIM® methodology. You can evaluate your
current portfolio to make sure you are on the path to maximize wealth creation.
PortfolioSmith makes it easy to diagnose your stock ideas and see if they earn a pass,
neutral, or fail score for the ratings and other critical technical and fundamental factors.

Who is analyzing my portfolio? PortfolioSmith algorithmically evaluates your portfolio

and provides recommendations based on the CAN SLIM® methodology by using
machine learning and AI. We are trying to incorporate all aspects an analyst would look
into. This helps us provide an unbiased report/evaluation in less than a minute for up to
100 stocks.

Why 13 or 52 reports per quarter/year? We believe evaluating your portfolio once a

week will give you vital insights to take further steps to protect capital and maximize
wealth creation.

How can I upload my transactions? You can upload your transactions using one of
the following options:

 Upload your Zerodha Traderbook

 Select custom and upload transactions in the format provided in the sample csv
file
 Manually enter the transaction
 Import transactions from MarketSmith India My Portfolio.

What is the rationale for recommendations? We base our recommendations on the

CAN SLIM® growth investing strategy. It considers both fundamental and technical
aspects to give BUY/SELL ratings.

What is the rationale for increasing or decreasing allocation in a particular

stock? We use portfolio allocation models to arrive at the optimal allocation for each
stock in the portfolio.

How often do the recommendations change? There is no fixed time period for the
change in recommendations. Since price and moving averages are also considered, the
recommendations can change as early as one day or continue to remain the same for a
longer duration too.

Should we enter split adjusted prices? No, you can enter your actual buy and sell
prices. The system will apply the required split factors.
Why does it say "We do not support short selling transactions, please exclude
them or include the corresponding Buy transaction too"? The analysis does not
consider short selling. Please make sure you have included the corresponding buy
transaction for each sell. The sell quantity for a stock should be less than or equal to the
buy quantity of the stock. Also, make sure the buy transaction date is older than its sell
transaction date.

Why is the performance section blank? The performance section includes best

winners/exclusions and worst losers/exclusions. This is arrived at by considering the
position you have closed. In case you have not included any closed position/sell
transactions, this section will not populate.

What if I don't use all my 13 reports within the 90 days? The monthly, quarterly, and
annual subscription is valid only for 30, 90, and 365 days, respectively. If you do not
generate the given reports, they will expire/lapse at the end of your subscription days.

Is there any transaction cost that you consider while calculating Profit/Loss? No,
we do not consider transaction cost in our calculations.

The report asks me to sell certain stocks. Which stocks should I buy now? The
tool identifies weak stocks for SELL recommendations. Also, if you are over invested in
any particular stock, you will be asked to REDUCE. This will lead to cash balance. To
know which stock you should buy, you can subscribe to our Model Portfolio or Algos in
AlgoSmith.

Glossary
While investing in the stock market, you will come across various technical
terminologies. Worry not! We have accumulated all of them in one place and defined
them for you. If there is anything that you do not find here, we advise you look in our
Investing University to have an in-depth explanation for the same.

Ageing of a Distribution Day : A distribution day becomes too old if it is no longer
within the window of last 25 trading sessions. The distribution day is then dropped due to
age and the total distribution day count reduces accordingly.

Ascending Base : The ascending base may be tougher to spot because it has more
moving parts. The pattern often takes shape as a stock tries to rise during a choppy or
tired market. But once a strong uptrend takes hold in the broader market, the stock has
the potential to break out to new highs. An ascending base typically starts forming after a
stock has already staged a prior breakout and gained at least 20% -- so it's usually not a
first-stage pattern. As with other bases, you'd ideally see a strong prior advance on the
stock's chart.
So what does an ascending base look like? It consists of a series of three pullbacks,
each ranging from about 10% to 20% from the most recent high to low. Each of the
pullbacks must mark a higher high and a higher low -- thus, the ascending base.

Accumulation/Distribution Rating : Accumulation/Distribution is a proprietary rating

calculated as an exponential moving average of inter- and intra-day price and volume
statistics. The effect of a single day's trading becomes insignificant after about 60 days.
The ratings range from A to E. An A or B rating means a stock has been showing
accumulation. C is a neutral rating, and a D or E means a stock has been under
distribution.

Because the pattern is created by three distinct pullbacks, it can take longer to form than
most other bases, roughly 9 to 16 weeks.
To get the buy point in an ascending base, add 10 paisa to the high of the third pullback,
like you would with other IBD patterns. Likewise, don't buy if it's extended more than 5%
past the proper entry.

BreakOut : A breakout occurs when a stock's price rises above its resistance level, i.e.,
a price ceiling at which the stock has previously encountered selling. This price ceiling is
known as pivot. When a stock charges above the pivot on above-average trading
volume, there is a high probablity that it will move even higher. We like to see volume at
least 40% to 50% above average on the breakout day.

Base Pattern : A base is a term used by technical analysts to refer to a type of stock
chart pattern. Base patterns indicate periods when a stock levels off or corrects after
having advanced for a while; a base is just another term for a period of consolidation.
There are several different base patterns, including the cup-with-handle, cup, double
bottom, flat, and consolidation base.

Buy Range : A stock is considered to be in an ideal buy range if it is close to its pivot
price and has not extended by more than 5-7% from the recent pivot.

Confirmed Uptrend : A Confirmed Uptrend market status indicates the Nifty is in an
uptrend. The uptrend begins with a follow-through day or when the index reclaims its
previous uptrend high. At this stage, the index is not showing signs of significant
distribution or heavy selling by institutional investors. This is the perfect time to be
looking out for fundamentally strong stocks at proper buy points.

Correction : A major index generally goes into Correction when the number of
distribution days in the last five weeks rises to 5-6. The index has typically declined 5-7%
or more from its recent high. Also, the index most likely breaches its support levels of 50-
day and 200-day moving averages. Investors should avoid new purchases, get off
margin, and raise cash. This is a good time to build your watch list of fundamentally-
strong stocks that you would like to own when market condition improves.

Cup With Handle : A stock chart pattern discovered by MarketSmith founder William J.
O'Neil, this pattern on a high- low-close bar chart looks like a cup with a handle when the
outline of a cup is viewed from the side.

Consolidation : A consolidation is just another term for a base. Base patterns indicate
periods when a stock levels off or recoups after having advanced for a while.

Double Bottom : A stock chart pattern identified by MarketSmith founder William J.
O'Neil, this pattern looks like the letter W. In almost all cases, the second leg down
should undercut the low price of the first leg. This ensures weak investors in the stock
are shaken out.

Distribution Day Count : The count refers to the number of distribution days in the last
25 trading sessions. It is reset to zero whenever the market status is changed to
Correction. The distribution day count resumes from zero when the market enters into a
Confirmed Uptrend. Distribution days are dropped if the Sensex has advanced 5% or
more from the close of a particular distribution day or the distribution day has aged out
i.e. fallen out from the 25 trading session window. This lowers the overall count.

Distribution Day Reversal : Once an index rises 5% from the close of a particular
distribution day, it signals strength in the market. In such cases, we drop off that
distribution day from our count, thereby reducing the number of distribution days in the
last 25 trading sessions.

Distribution Day : A distribution day is indicated by a major market index such as the
Sensex closing down 0.2% or more on higher volume than the previous day. Distribution
in the stock market refers to the increased selling of stock by large institutions. The
number of distribution days on the Sensex helps us in tracking the general market
condition. Our studies have shown that four to six days of distribution over a period of
five weeks are often enough to turn a previously advancing market into decline. Once
you notice increasing distribution, it is best to hold off on any further stock purchases,
and perhaps even cut back on some of your positions, especially if you are on margin.

Down In Price : Top stocks which are being SOLD heavily by institutional investors.
Stocks must have a daily price change of -1/2 point or more with a volume change of 1/2
point or more as compared to 50 day average volume.

Extended : A stock becomes extended from its buy point, if it rises more than 5-7% from
the pivot. Buying extended stocks is considered to be a lot risky, since a normal
retracement in the stock could force us to sell it due to our 8% stop-loss rule. Winning
stocks often experience retracement before they move higher.

Follow-Through Day : A follow-through day is identified when a major index (Sensex or
Nifty 50) closes significantly higher, over 1.5% for the day, on higher volume than the
previous session. It happens on fourth day or later of an attempted rally. The most
powerful follow-through days often happen on fourth through seventh day of an
attempted rally. They serve as a confirmation that the market has really changed
direction and is in a new uptrend. The strength in a follow-through day can be gauged by
the action in leading stocks. A follow-through day coupled with leading stocks breaking
out from their base patterns provides signs of a sustainable rally. A follow-through day is
a key concept in the market- timing system developed by MarketSmith founder, William
J. O'Neil.

Flat Base : A stock chart pattern studied by MarketSmith founder William J. O'Neil, a flat
base moves straight sideways in a relatively narrow price range. Flat bases often occur
after a stock runs up after breaking out of one of the other chart patterns.

Gap Up : Gap up represents a strong up day in the stock market, when the Sensex low
of the day in question is higher than the index high on the previous day.

Growth 50 Index : The Growth 50 Index tracks the performance of stocks listed in
Growth 50, a proprietary list of the 47 top-ranked companies generated every Monday.
Companies are ranked based on superior fundamentals and strong price performance
over the last 12 months. It is a weekly computer- generated ranking of leading
companies trading in the Indian market.
Gap Down : Gap Down represents a weak day in the stock market, when the Sensex
high of the day in question is lower than the index low on the previous day.

Market Cap classification:

 >500 crore – Micro Cap

 500-5,000 crore Small Cap
 5,000-20,000 crore Mid Cap
 >20,000 crore Large Cap

Number of funds : Total number of Mutual funds holding a position in the stock as of
the last reporting period

OFF High(OH) : OFF High provides an idea about where the stock is currently trading in
comparison to its 52-week high price in percentage terms. The formula to calculate OH
is current price minus 52-week high price divided by 52-week high price.

OFF Low(OL) : OFF Low provides an idea about where the stock is currently trading in
comparison to its 52-week low price in percentage terms. The formula to calculate OL is
current price minus 52-week low price divided by 52-week low price.

Pivot : A pivot represents an area of resistance i.e., a price ceiling at which the stock
has previously encountered selling. In our study of winning stocks and their technical
breakouts, we have identified pivot as an optimal buy point. When a stock charges
above the pivot on above-average trading volume, there is a high probability that it will
move even higher.

Power from Pivot Flag : Stocks advancing in price 20% or more within 15 days (3
weeks) after breaking out above their pivot are marked with a Power from Pivot flag on
the chart when our Pattern Recognition feature is enabled. If you encounter this scenario
with a stock that has good fundamentals and is looking strong technically, MarketSmith
founder William J. O'Neil advises you consider holding the stock for at least eight weeks
from the pivot to avoid getting shaken out of a stock that might have the possibility of
being a big winner.

Pullback : A pullback happens when a stock falls from its recent high, facing some
selling pressure post a technical breakout. This could be a temporary reversal, where
weak investors sell off their positions based on the gains made from the initial surge in
price, causing the stock price to come down.

Rally Attempt : A Rally Attempt begins the third day the index closes higher off the most
recent bottom after being in a Correction (also known as Downtrend). During a Rally
Attempt, we are on the lookout for a Follow-Through Day to confirm the trend has
reversed and we have entered a Confirmed Uptrend. A Rally Attempt fails and the index
goes back into a Correction if it undercuts the most recent low.

Resistance : Resistance refers to a price level at which the stock has previously
encountered selling. A stock often faces selling pressure when it approaches its recent
highs and this level could halt the stock's upward movement.

Relative Strength Rating : The Relative Strength Rating looks at a stock's percentage
price change over the last 12 months with most recent periods receiving higher weight.
All stocks are arranged in order of greatest price percentage change and assigned a
rank from 99 (highest) to 1 (lowest). For example, a value of 85 means the stock has
outperformed 85% of all other stocks in India.

STOCKS ON THE MOVE : includes important daily list in MarketSmith India that
highlights stocks that had the greatest percentage increase in volume above their normal
past daily trading level. Usually a sign that institutions are buying or selling the stock.

Shares held by funds : Total number of shares of company's stock held by mutual
funds as of last reporting date

Tight Areas : Tight area or a tight chart pattern is established when a stock trades tight
and closes narrowly for three weeks in a row. In a tight chart pattern, the close of week
two is within 1.5% of week one's close; and the close of week three is within 1.5% of
week two's close. A tight area can be a great opportunity to add shares to a current
holding. Often top-quality consolidations show tight trading. This pattern tends to work
best with the market's top leaders like stocks with excellent fundamentals and price
action. MarketSmith's Pattern Recognition feature will highlight the area with a blue oval
when such a condition is reached.

Uptrend Under Pressure : An Uptrend Under Pressure market status is normally
associated with rising number of distribution days on the Nifty. The index has 3-4
distribution days in the last five weeks and is showing some signs of deterioration. The
index may be close to its 50-day and/or 200-day moving average support level, but is
typically above at least one of the levels. Investors need to exercise caution and keep
their buying decisions reserved to fundamentally strong stocks showing technical
strength.

Up In Price : Top stocks which are being BOUGHT heavily by institutional investors.
EPS & RS Rank must be a minimum of 70 and A/D Rating must be D+ or better. Stocks
must have a daily price change of 1/2 point or more with a volume change of 1/2 point or
more as compared to 50 day average volume.

50-DMA : The 50-day moving average, a simple average of the last 50 days' closing
prices, provides the best balance between the long-term trend and immediate direction
for a stock/index. Many institutions view the 50-day line as a level at which they can add
to their positions at a reasonable price. This is the reason why quality growth stocks with
good institutional sponsorship often find support around the 50-day moving average
level. The 50-day is the most widely followed moving average by investors and analysts.

200-DMA : The 200-day moving average, a simple average of the last 200 days' closing
prices is a key indicator for the long-term trend of a stock/index. It often acts as a
support or a resistance level for the stock/index.

Account & Subscription section

MarketSmith India has four key sections to support your investment decisions: Idea
Lists, Evaluation, Market Outlook, and Model Portfolio. You can get further detail on
features by selecting the (i) buttons scattered throughout each section.
Is there any Trial Offer? Yes, we offer a 10 Days Trial at Rs. 25 Only. You can visit our
Take a Trial page to avail the trial. Please note that an individual can take a trial only
once.

What happens at the end of my trial? Once your trial ends, you will have basic access
to our services. To continue Premium access, you will have to choose one of our
subscription plans & subscribe to MarketSmith India.

How can I subscribe to MarketSmith India? You can subscribe to our services using
the App or visit our website, marketsmithindia.com to Signup & subscribe to your
preferred plan. Don't forget to check our Offers page to find current offers on
subscription.

How can I contact you? We can be reached by Phone & Email. Our contact details are
available on our Contact Us page.

How to renew MarketSmith India account? To Renew your account, you simply need
to log in to your account and click on the Renew button.

Does my subscription reset if I change my plan? Yes, however, this doesn't happen

if you make the payment using Bank Transfer. If you have made a payment using Bank
Transfer, you will have to Contact Us for making any changes to your plan.

Can I contact during Market hours? Yes, we have a dedicated Client Support Team
who is available for customer's queries from morning 9 am to 7 pm IST. Our contact
details can be found on our Contact Us page.

Can I create my portfolio in Marketsmith India? Yes, you can create your portfolio in
MarketSmith India.

Whom should I contact If I have questions related to one or more stocks? For any
questions related to stocks, you can get in touch with our Research team. The contact
details of our Research team are available on our Contact Us page.

Billing & Payments Section

What are the modes of Payments? We accept payments using Credit/Debit Cards,
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Are all the prices listed on the website inclusive of taxes? Yes, the prices listed on
the website are inclusive of all the taxes.

Can the Payment be made by Bank Transfer? Yes, we accept payments through

Bank Transfer. Our Bank Transfer details are given below:

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 Account type: CURRENT A/c
 BANK NAME: ICICI Bank
 BRANCH: Bangalore M G Road Branch
 SWIFT CODE - ICICINBBCTS

Please note that your services will be activated only after the payment is credited to our
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Can I make a Partial Payment? No, we do not accept partial payments.

Where can I find Payment Terms and Conditions? Please refer to point number 27
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Can I view and print my bills and account payment history online? For billing &
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How do I change my card billing information? We do not store your card details due
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Refer & Earn Section

What is Refer and Earn Program? Our Refer and Earn program allows our users to
earn extra days on their subscription if their referral subscribes to our services. Please
visit our Refer and Earn page for more details.