Knack Trader

Jubilant Food acquires 29.42% stake in Roadcast Tech The acquisition of the remaining 10.58 percent stake (on a fully diluted basis) is likely to be completed in another month’s time, by October 26, 2022.

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Why is luxury spending increasing in India?

Rising consumer incomes and purchasing power are aiding it: average per capita income has already surpassed $2,000 and is expected to exceed $12,000 by 2047. Furthermore, the rapid growth of the e-commerce sector and digital transactions has increased customer access to the luxury market. Furthermore, as consumers have become more value- and customisation-oriented, previously dominated by HNWIs, premium segments are rapidly diversifying to include Millennials and non-metro consumers. The typical cohort of HNI and NRI customers has also expanded to include affluent middle-class consumers in some segments, most notably luxury housing, due to the proliferation of remote and hybrid working models.

In trading/investing, it’s not about how much you make but rather how much you don’t lose.

-Bernard Baruch

Why is BREAKOUT important?

It is the initial signal of the next price direction. When a breakout occurs, the market is telling where the price is going to go after this.

But, keep in mind that a breakout is not a confirmation for the market to follow the breakout signal.

Several other things need to be taken into account as confirmation on to determine whether the breakout is valid or doesn't depend on the techniques used to analyze the market.

Can you BREAKOUT only with shadows or no?
The answer is NO.

Breakouts can occur by means of body candlestick close above the highest price before or the lowest price before.

Want to know more about candlestick pattern, Dm