Disclaimer :


This information is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This information is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Precision Technicals. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.

We have reviewed the information presented on this site, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Precision Technicals nor any person connected with it, accepts any liability arising from the use of this software or information. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this software may go up or down. Past performance is not a guide for future performance. Certain transactions including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis center on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals.

Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.

We and our affiliates, officers, partner/s, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions.

The analyst for this report certifies that all of the views expressed in this material accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.



Research Disclaimer and Disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014

Mandar Balkrishna Jamsandekar ("MBJ") (“Research Entity”) / Precision Technical Analysis Pvt Ltd ("PT") / Precision Broking ("PB") is into the business of Technical Analysis Research, Technical Analysis Training, Technical Analysis Software, Stock Broking.

Disclaimer : This software / report/analysis / call / technical analysis / price pattern / score card (by whatever name called) (hereinafter collectively "Research") has been prepared/ made pursuant to Research made by the Research Analysts is neither a solicitation nor a recommendation to buy/sell any security (as defined under section 2(h) of Securities Contracts (Regulation) Act, 1956). It does not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (prohibitions to investments due to law / jurisdiction issues etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. MBJ, PT, PB and its associates, subsidiaries and associated companies, their directors and employees and/or its associates (hereinafter referred as "Precision") will not treat recipients as customers/ clients by virtue of their receiving this report. This Research may have been prepared/ made based on the analysis of data available publicly and/or other sources believed to be reliable. Precision, does not, accepts any liability arising from the use of this information.

The user assumes the entire risk of any use made of this software/ report/ analysis/ price pattern/ call. Price and value of the securities referred to in this Research call may go up or down. Past performance is not a guide for future performance. Research based on technical analysis centers on studying charts of price movement and trading volume, as opposed to focusing on fundamentals and as such, may not match with Research based on fundamentals.

Opinions expressed are our current opinions as of the date appearing on this Research only. We do not undertake to advise you as to any change of our views expressed in this Research. Research reports / recommendations may differ between MBJ, Precision’s RAs and/or MBJ’s associate companies on account of differences in research methodology, personal judgment and difference in time horizons for which recommendations are made. User should keep this risk in mind and not hold MBJ and/or Precision, its employees and associates responsible for any losses, damages of any type what so ever. or MBJ and its associates or employees may: (a) from time to time, have long or short positions in, and buy or sell the investments in / securities of company (ies) mentioned herein or (b) be engaged in any other transaction involving such investments / securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) these and other activities of MBJ and its associates or employees may be construed as potential conflict of interest with respect to any recommendation and related information and opinions. Without limiting any of the foregoing, in no event shall MBJ and its associates or employees or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.

List of Associates as per SEBI (Research Analysts) Regulations, 2014

  • Precision Technical Analysis Pvt Ltd
  • Precision Broking

Statements on ownership and material conflicts of interest, compensation - MBJ and Associates

S.No. Statement Answers to the best of MBJ’s knowledge and belief to questions/ statements for MBJ and associates are No/ Nil except for the companies listed against specific question/ statement below
a. MBJ, or any of its associates has any financial interest in the subject company? Nature of Interest (if applicable), is given against the company’s name .
b. MBJ, or any of its associates, have actual/beneficial ownership of one per cent. or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance
c. MBJ or any of its associates, has any other material conflict of interest at the time of publication of the research report or at the time of public appearance?
d. MBJ or any of its associates has received any compensation from the subject company in the past twelve months?
e. MBJ or any of its associates has managed or co-managed public offering of securities for the subject company in the past twelve months?
f. MBJ or any of its associates has received any compensation for brokerage services from the subject company in the past twelve months?
g. MBJ or any of its associates has received any compensation for products or services other than brokerage services from the subject company in the past twelve months?
h. MBJ or any of its associates has received any compensation or other benefits from the subject company or third party in connection with the research report?
i. MBJ has been engaged in market making activity for the subject company?


For statements on ownership and material conflicts of interest , compensation for individual Research Analyst(s) (RA), please refer to each specific research report.

Specific analyst(s) specific disclosure(s) inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014 is/are as under :

I. A.Statements on ownership and material conflicts of interest , compensation– Research Analyst (RA) [Please note that only in case of multiple RAs, if in the event answers differ inter-se between the RAs, then RA specific answer with respect to questions under F (a) to F(j) below , are given separately]

S.No. Statement Answer
Tick appropriate
Yes No
a. I/we or any of my/our relative has any financial interest in the subject company? [If answer is yes, nature of Interest is given below this table] No
b. I/we or any of my/our relatives, have actual/beneficial ownership of one per cent. or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance? No
c. I / we or any of my/our relative, has any other material conflict of interest at the time of publication of the research report or at the time of public appearance? No
d. I/we have received any compensation from the subject company in the past twelve months? No
e. I/we have managed or co-managed public offering of securities for the subject company in the past twelve months? No
f. I/we have received any compensation for brokerage services from the subject company in the past twelve months? No
g. I/we have received any compensation for products or services other than brokerage services from the subject company in the past twelve months? No
h. I/we have received any compensation or other benefits from the subject company or third party in connection with the research report? No
i. I/we have served as an officer, director or employee of the subject company? No
j. I/we have been engaged in market making activity for the subject company? No


Nature of Interest ( if answer to F (a) above is Yes : - ……………………………………………………………………………………………………………………………………………… Name(s) with Signature(s) of RA(s). [Please note that only in case of multiple RAs and if the answers differ inter-se between the RAs, then RA specific answer with respect to questions under F (a) to F(j) above , are given below]

S.No. Name(s) of RA. Signature(s) of RA. Serial Question of question which the signing RA needs to make a separate declaration / answer Yes No
 


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Mandar Jamsandekar - (Research Analyst - Reg No INH000000495)

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