Manish Okhade

Active in market for a decade, enjoys developing Algo Trading in Python & Machine Learning and blogs it at the website below.
All posts are purely academic!

[Manish Okhade @manish_okhade]

Smooth run after a flag breakout!

[Manish Okhade @manish_okhade]

Flag BO:

[Manish Okhade @manish_okhade]

MARUTI:
1- BO after 4 months consolidation
2- Just crossed above 200D EMA too
3- RSI above 60 indicates momentum

[Manish Okhade @manish_okhade]

Flag BO:

[Manish Okhade @manish_okhade]

Flags are good but lower flags indicates weakness, lets see:

[Manish Okhade @manish_okhade]

Tata Comm: Flag formation

[Manish Okhade @manish_okhade]

@PeterLBrandt @TechCharts Dear Peter: Thanks for your knowledgeable posts. Just curious, what’s your win rate trading rectangles?

[Manish Okhade @manish_okhade]

Flags are good but lower flags indicates weakness, lets see:

[Manish Okhade @manish_okhade]

Flags are powerful - 21% gain:

[Manish Okhade @manish_okhade]

Pole & Flag pattern- Textbook example below:

[Manish Okhade @manish_okhade]

Channel boundary respected:

[Manish Okhade @manish_okhade]

When we are lagging on all economic indicators (weakening INR, record FPI withdrawal, super flop schemes like smart city, make-in-India, swatch Bharat etc, rising unemployment and so on), praising a guy and projecting his as crusader make me wonder if it’s a paid post?

[Aravind @aravind]

The DS identified this man as a major threat to their easy manipulation of India very early on. They desperately tried to stop him from ever leading the country.

The moment he became CM, they ignited issues, branded him with every possible label, attempted to sanction him, and even revoked his visas.

They unleashed tens of thousands of pages of propaganda reports against him, both inside India and abroad. They weaponised the opposition and the courts to flood him with cases from every direction.

Yet he overcame it all. To become the PM of the world’s largest democracy. Despite all the hit jobs, sabotage, and propaganda, he remains the most popular leader on the planet.

He has turned every adversity into an advantage. "Being Anti-fragile" is his mantra. And he has made India anti-fragile too. We have seen the nation emerge stronger from every crisis thrown at it.

I believe he will also resolve the infowar crisis. The main force behind it will be weakened and broken by him. It will be a fitting feather in his cap before he retires as not only India’s longest serving PM, but its most impactful one.

History will remember him as the one who transformed India not just in infrastructure and development, but forged a confident, self-reliant nation that stands proud on the global stage.

[Manish Okhade @manish_okhade]

@dmuthuk The people who have the power to enact such laws are themselves leading the all corruption rackets. It will always be a pipe dream!

[Manish Okhade @manish_okhade]

@piyushchaudhry F**ed up IH&S pattern

[Manish Okhade @manish_okhade]

He has a point backed by analysis and fact but do we really need all these while our open eyes are enough to see it clearly?

If we ignore national security and Hindu-Muslim then life of a common citizen is exactly same as of 12 years, isn’t it?

[Muthukrishnan Dhandapani @dmuthuk]

Some have asked what is the poverty line kept by Shamika Ravi, based on which she and our government are claiming poverty has been eliminated during last 12 years.

As per her, poverty line per month per person in India.

Rs 1940 (rural)
Rs 2759 (urban)

If you believe Rs.2759 per month is enough to call a person as above poverty line in a city like Mumbai or Bengaluru, the poverty line itself is meaningless.

When one billion people in this country (around 70% of India's population) are having a percapita of less than $1000 per annum, what poverty elimination we are talking about?

In cities, even poor people pay a monthly rent of not less than Rs.5000. Just 1 litre of an ordinary milk packet is Rs.40. Vegetables, electricity charges, provisions, transport, mobile charges, medicines, child care, elderly care - the list would be long. Despite all government subsidies and welfare, how much is required to even to lead a minimum basic standard of living?

Definitely not the absurd number of Rs.2759 per person per month in urban areas.

Just because people are able to keep themselves alive doesn't mean they are out of poverty.

Government should define poverty line based on practical realities. We should then estimate how many are poor. The number would be huge.

Measuring correctly is the very basic requirement towards addressing an issue.

Without actual data on poverty, addressing it is impossible.

We can keep celebrating poverty has been eliminated while billion Indians struggle even to survive.

As a country, we don't even want to acknowledge our problems.

[Manish Okhade @manish_okhade]

Beautiful story teller doesn’t necessarily mean a good stock picker too!

[Margin of Safety🇮🇳 @InvestorOfJAMMU]

80% of the stocks praised by Lishmohit in hourly long videos few years back have never seen their top again.

Alkyl amines
IEX
Clean science
Route mobile
Tanla
Astral
etc etc

[Manish Okhade @manish_okhade]

Though these are all obvious points but why voters ignore them while casting vote to a candidate? If no one is fitting this list then voter can opt NOTA!

[Cockroach Party of India @Cockroach4India]

The Cockroach Party of India demands serious political reforms:
Journalists may takes notes :

• Fixed retirement age for politicians
• Minimum graduate degree for elected representatives
• No lavish taxpayer-funded bungalows
• Simple official apartments instead of luxury estates
• No luxury cars and oversized VIP convoys
• No road blockades for political movement
• No lifetime VIP culture after leaving office
• One person, one pension only

And most importantly:

• It should be mandatory for politicians and top public officials to use government hospitals only.
• Their children should study in government schools in India only.

If leaders keep claiming India has world-class education, healthcare and infrastructure, their own families should use the same system as ordinary citizens.

The people of India are not second-class citizens.

Public office is public service not a royal bloodline funded by taxpayers.

[Manish Okhade @manish_okhade]

@TechCharts @TechCharts - For these patterns to be successful, don’t we need an overall positive sentiment around sector it belongs? I mean if overall market sentiment is bearish then pattern will most likely fail too? Do you care for this or you don’t feel it matters?

[Manish Okhade @manish_okhade]

This is most realistic assessment ever saw. There are few small percentage of corporates who would be in 6-8-10Cr range but number is tiny. Middle of bell curve for white collar workers is in this range only.

[Muthukrishnan Dhandapani @dmuthuk]

In general, even among high income earners, let me tell you when someone reach a wealth of say Rs.3 crores.

Age in late forties to early fifties. Designated as Vertical Head or Senior Director or similar titles. CTC anywhere between Rs.60 lakhs to Rs.1 crore per annum.

Own a 3 BHK flat. Would have repaid home loan. Say 2 children in high school or college. A decent car mostly under company (employer) lease.

Mutual funds, shares, money in bank and Provident Fund - roughly around Rs.3 crores. In exceptional cases, close to Rs.5 crores.

This is general standard among high income earners in our country.

So don't fall for finfluencers trap of creating wealth of Rs.50 or Rs.100 crores is easy.

Except for extremely lucky or corrupt, making every single crore is difficult.

[Manish Okhade @manish_okhade]

DELHIVERY:
Most popular classical chart pattern formation:

[Manish Okhade @manish_okhade]

Nifty MidCap 150:
It was best poised for BO and much awaited run but due to macro headwind, fell down. If it resumes then best placed for great journey ahead:

[Manish Okhade @manish_okhade]

Below suggestions makes sense but majority vote bank (80Cr+) looking this? I don't think so, they are super happy with freebies ad even hoping to get more in ext election.
Politicians always do first what keeps them in power, all else is secondary.

[Akshat Shrivastava @Akshat_World]

Here is what a death loop looks like-

Less investments (leads)-> Less jobs -> Less Growth -> Poor sentiments -> less investments.

Easy to say that firms like TCS should invest in R&D.
But, when Intellectual Property is not protected in India.
And, 3-4 business people can enter and kill any industry. Why would anyone invest?

Good question to introspect: how can we improve sentiments?

It can't be done by projecting gloom & doom.
And, making emotional appeals.

We are making another blunder here.

Best would be to: make some hard changes. Example: cuts taxes dramatically, put limits on freebies etc.

Actions without words, are just fluff.

[Manish Okhade @manish_okhade]

Pole & Flag pattern- Textbook example below: