Sharing a view on GE Shipping using a 3% Renko chart (Daily timeframe), which is generally used for medium- to long-term analysis.

The stock has broken out after a long consolidation, indicating a shift in structure. However, this breakout would need a follow-through to confirm sustained strength.

The broader shipping sector is showing strength, which adds some support to the overall setup. The stock is also trading above 40 period D smart suggesting the trend is currently positive.

The recent move reflects a two-back structure, and the plotted levels are based on Swing Extension and Bullish 2 Back Swing Extension. These levels (2051 and 1717) can act as reference zones where price may react or pause.

At present, the risk-reward appears relatively favourable, but if the price closes below the support line, it may indicate a possible change in trend.

Sharing this as a chart-based observation for learning and discussion.

Hello,
Backtesting in Algostra will be live soon.

Sharing a view on RR Kabel using a 3% Renko chart (Daily timeframe), which is generally useful for medium- to long-term analysis.

The company has also reported strong recent results, which supports the positive price structure seen on the chart.

The stock is currently trading above the 6-period moving average, which can be used as a trend confirmation tool and also as a reference for trailing stop-loss.

The chart had earlier given a weak bullish breakout, and now it has followed up with a bullish Turtle Breakout, indicating improving strength. The brick closing above the Turtle Breakout has also formed a Bullish 5 Ka Punch, which adds further confirmation to the move.

At the same time, the stock appears a bit extended at current levels, so the risk-reward may not be very favorable.

A dip or consolidation closer to the 6 EMA zone could offer a more balanced setup, while the broader structure remains constructive as long as the trend stays intact.

Sharing this as a chart-based observation for learning and discussion.

Hello,

Incidents related to Algostra usually require a detailed review along with the strategy and other relevant information. We kindly request that you please raise this concern from the Algostra page under the Feedback section.

Hello Sir,

Incidents related to Algostra usually require a detailed review along with the strategy and other relevant information. We kindly request that you please raise this concern from the Algostra page under the Feedback section.

Looking at Sarda Energy on the Point & Figure (1x3) chart, the stock is currently consolidating after a strong uptrend and forming a healthy base.

An anchor column is visible, followed by a follow-through breakout, showing continued strength. The chart has also formed a spread pattern breakout, which is a 7-column structure — the 3rd column falls short, the 5th and 7th columns form at similar levels, and the final column gives the breakout, showing gradual accumulation before the move.

Horizontal counts have also been plotted, which give an idea of the possible zones where the move can extend.

Overall, the structure shows base building followed by a breakout, which can be watched going forward.

If the pattern continues, strength may sustain. However, if the price closes below the anchor column, it may indicate weakness and the trend could change.

Sharing this as a chart-based observation for learning and discussion.

Yes, Once you’ve increased the funds and saved the strategy, just go to Basket and click on Scan and Execute the basket. The added funds will then be allocated to the stocks accordingly.
Hope this helps.

Hello,
You can easily add funds to your existing portfolio in Momentify. Just go to the strategy where you want to add money, click on Edit, and choose the “Increase Funds” option. Then you can enter the amount you want to add.
Hope this helps.

A simple way to check whether your portfolio stocks are truly outperforming is by using ratio charts on Point & Figure (0.5 x 3).
Recently, both ICICI Bank and HDFC Bank reported decent results. But choosing the better performer isn’t always easy just by looking at price or fundamentals. This is where relative strength (ratio charts) can help.

Here, I compared:
ICICI Bank / Nifty 50
ICICI Bank / Bank Nifty
ICICI Bank / HDFC Bank
ICICI Bank / SBI

From this, ICICI Bank appears to be outperforming most of them, except SBI, which is also showing relative strength.
This suggests that while ICICI Bank has been strong, SBI may also be worth tracking from a relative performance perspective. On the other hand, HDFC Bank appears relatively weaker in comparison.
Additionally, the 45° trendline breakdown in the SBI ratio chart indicates a possible shift in relative strength, which is something to observe going forward.

Also, if these ratio charts start changing their trend, it may be useful to review and adjust allocations accordingly, as relative strength within the portfolio evolves over time.
Overall, this kind of analysis can help in understanding relative performance within your portfolio and making more informed allocation decisions.

Finding high relative strength IPO stocks can be simpler than it seems.

Using the Eagle Price + RS Scanner, select the group IPO 2025 and keep the denominator as Nifty 500. Then sort by Eagle Score and focus on stocks with a score of 24.

Through this process, stocks like Q Power and Belrise stand out. Both have shown strong price action with recent breakouts.

However, at the current levels, they appear somewhat extended, so waiting for a dip or some consolidation may offer a more balanced setup.

Sharing this as a simple approach to shortlist strong stocks for observation and further study.

Sharing a view on Shriram Finance through Relative Strength (RS) Point & Figure charts.
Both ratios Shriram Finance vs Nifty 500 and Shriram Finance vs Definedge Finance, Housing, NBFC index are showing a breakout on the 3x3 P&F chart, which is generally considered a long-term structure.

This indicates that the stock has been strengthening relative to both the broader market and its sector. At the same time, the current move looks a bit stretched, so some consolidation or retracement in the short term could be possible, while the broader structure remains intact.

If the breakout sustains, it may continue to reflect relative strength. However, if it fails and moves back into the previous zone, the stock could start moving more in line with the indices or may even underperform.

Just sharing an observation from the charts for discussion and learning purposes.

Hello,
The price used for the RS chart will be the same as the price chart. Also, the box size shown at the bottom is the box size for the price chart itself, which is applied accordingly.
Hope this helps.

Re: Chart of the Day

The structure shows signs of base formation. Using Point & Figure (P&F) counts, the chart is analyzed through both horizontal and vertical methods. The vertical count helps in understanding the strength of the move, while the horizontal count reflects the extent of the base formation — together highlighting important price zones where activity can be observed. Overall, this approach helps in studying price structure in a simple way while staying flexible with how the price evolves.

Looking at NMDC across multiple Point & Figure (P&F) timeframes, the picture becomes clear.
Higher box size shows a Turtle Breakout, while lower box sizes show rising support with higher lows, along with a 45° diagonal breakout, a simple structure of support holding and then breakout.
On the 0.5% chart, the structure is strong, but a large anchor column of X is visible. Entering here may not offer a favorable risk-reward, so it’s better to wait for a follow-through buy signal.
When a stock looks good on all timeframes, it means the trend is aligned and more reliable, not just a short-term move.

A 3% Renko (Daily) chart removes small price movements and shows only important moves.

When a Turtle Breakout happens here, it usually means the stock is starting a strong bigger trend, not just a short-term move.

For long-term view:
This setup helps you stay focused on the main trend and avoid getting distracted by small ups and downs.

This comparison highlights how different charting methods Line Break, Point & Figure, Candlestick, and Renko can still reveal the same underlying market structure.
In this case, an Inverted Head & Shoulders pattern appears consistently across all four charts at a similar price level.
Despite differences in how price is plotted (time-based vs. price-based), the core price action remains the same.

The issue is identified and will be fixed in the upcoming release, Apologies for the inconvenience caused.