Possibility of Loss: Market risks may result in partial or permanent loss of investments under certain market conditions.
No Performance Guarantee: Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
Past Performance Warning: Past performance is not indicative of future results and should not be relied upon as a basis for future investment decisions.
Open Positions Risk: Our recommendations may involve open positions without specifying stop-loss levels or target prices, exposing portfolios to potentially significant losses.
Market Risk: Market risk refers to the possibility of partial or complete loss of capital due to unfavorable market conditions, economic developments, or company-specific events.
Liquidity Risk: MICROCAP / NANO CAP / SME / SMALL CAP stocks are highly risky in nature. In many cases, such stocks have fallen 80–90% within a few days. They are not suitable for low-risk profile investors. You may even lose up to 100% of the capital allocated to such stocks. Hence, it is strongly advised to stay away from these investments.
Market Crash: In unforeseen circumstances, the market may crash, triggering lower circuit breakers on the index and consecutive lower circuits on individual stocks, which can make it extremely difficult to exit positions. At the same time, it may feel like your entire capital is lost in an instant.
Company-specific Risk: Earnings volatility, high debt levels, failure of new projects, or involvement in legal disputes can negatively impact the company’s outlook.
Valuation Risk: If a stock is trading at a significant premium compared to its fundamental value, there is a risk of price correction or prolonged underperformance.
Regulatory Risk: Shifts in taxation policies, environmental norms, or industry regulations may disrupt a company’s operations or profitability.
Management Risk: Changes in top management, inconsistent decision-making, or weak corporate governance can pose significant risks to the business.
Sector-specific Risk: Unfavorable policy changes, technological disruptions, declining demand, or rising competition within the sector may adversely impact the company’s performance.
Macroeconomic Risk: Changes in interest rates, inflation, GDP slowdown, geopolitical tensions, or a global recession may adversely impact overall business performance.
Derivative-driven Volatility:Heavy participation in Futures & Options (F&O) can cause abnormal price movements, resulting in artificial rallies or sharp declines.
Currency and Global Exposure Risk:Companies with significant export businesses or foreign operations may be adversely affected by currency fluctuations or unfavorable global developments.
Lower Circuit Risk:In adverse scenarios, a stock may hit the lower circuit, preventing investors from exiting and resulting in temporary or prolonged capital blockage.
Upper Circuit Risk:In illiquid or speculative stocks, hitting the upper circuit may lead to price distortions, making it difficult to buy during momentum phases and increasing volatility risk.
Market Crash Risk (External Factors):Unexpected external events such as geopolitical conflicts, pandemics, global banking crises, commodity price shocks, or natural disasters can trigger sudden and sharp corrections in the equity markets. These events are often unpredictable and may severely impact investor sentiment across all sectors, irrespective of company fundamentals.
Sudden Capital Erosion Risk:In highly volatile or low-liquidity stocks, sudden and steep price crashes can potentially lead to complete capital erosion within a few trading sessions. This may occur due to negative news flow, operator-driven price manipulation, or broader market panic. Investors without proper risk control mechanisms, such as stop-loss or diversification, may incur significant losses.
Stop-loss Slippage & Illiquidity Risk:In illiquid stocks or during highly volatile conditions, prices may jump or gap down significantly, skipping the stop-loss level without executing a trade at that price. This can result in much larger losses than intended, especially when there are no buyers or sellers at the stop level. Such situations are common in stocks with low volume, circuit filters, or sudden news events.
SEBI Regulatory Disclosures
Business Activity
Pankaj Kumar Jain is engaged in providing independent equity research services, offering Buy/Sell/Hold recommendations and investment opinions through research reports, analysis, and market commentary.
In accordance with SEBI regulations, we disclose:
Neither PANKAJ KUMAR JAIN nor its associates hold 1% or more in equity securities of subject companies
No direct or indirect financial interest in subject companies at time of publication
No material conflict of interest with subject companies
No compensation received from subject companies in the past twelve months
No involvement in public offerings or investment banking services for subject companies
All service fees must be paid only via our official website www.eyeontrade.com or verified bank/payment gateway channels/verified UPI.
Payments to personal accounts or unauthorized third parties will NOT be acknowledged
No third party or employee is authorized to offer return guarantees
Report any unauthorized activity to our Compliance Officer and SEBI immediately
Company will not be liable for losses from unauthorized transactions
Please refrain from inquiring about specific amounts or lot sizes for investing. According to RA regulations, we cannot disclose this information. Any future liabilities from our recommendations are not our responsibility – invest according to your own risk tolerance.
General Advisory
Several other investment options are available in the market. Investing in equity markets inherently involves risk, including the possibility of capital loss. Therefore, before making any investment decision, investors are advised to carefully assess their financial position, risk tolerance, and investment objectives. It is strongly recommended to consult a certified financial advisor before acting on any information provided in this report
Options trading involves HIGH CAPITAL RISK with high probability of total capital loss due to leveraged and time-bound nature of derivatives.
Total Loss Potential: You may lose your entire investment
Leverage Risk: Small market movements can cause large losses
Time Decay: Options lose value as expiration approaches
Complexity: Suitable only for experienced market participants
Exercise Caution: Engage in F&O trading strictly according to your personal risk appetite and financial capacity. These calls are intended for experienced traders who understand options market volatility and complexity.
Portfolio Management Services (PMS)
Personalized account handling
Profit-sharing arrangements
Investment advisory based on individual risk profiling
Investors are responsible for their own investment decisions and should seek a registered investment adviser for personalized financial planning services.
Buy: Purchase within specified price range
Sell: Sell within specified price range
Hold: Retain current holdings until revised call
Apply: Participate in IPO/Buyback/OFS
Book Profit: Sell to realize existing gains
Exit: Close entire position
Add: Buy additional quantity if already holding
Reduce: Partially sell based on revised outlook
Important: Execute recommendations as per defined levels and time horizon. Consult a SEBI-registered Investment Adviser for personalized decisions.
Our recommendations are based on technical and fundamental analysis, with some use of AI (Artificial Intelligence).
System Vulnerabilities: AI trading risks include system errors that can amplify losses
Data Security: Privacy and security risks including potential breaches
Bias & Quality: Biased outputs, data quality issues, and misleading results from poor data
Significant Losses: Severe data glitches may result in substantial portfolio losses
No guarantee of success or return from AI-generated recommendations
You bear full risk of investment decisions based on AI advice
Provider not liable for losses from AI recommendations
Unregulated Products Warning
Our recommendations for Crypto assets, Forex trading, and other third-party products are made OUTSIDE SEBI jurisdiction. No SEBI recourse, protection, or dispute resolution available.
Significantly high potential for capital loss
Unregulated and highly volatile markets
No regulatory oversight or formal grievance mechanisms
Increased risk of fraud and operational failure
Non-recoverable losses possible
Our Position: We are not registered to provide investment advisory for unregulated products. Any views are purely research-based insights for informational purposes only.
Pankaj Kumar Jain may publish Model Portfolios in accordance with SEBI (Research Analyst) Regulations, 2014.
Created purely for illustration and educational purposes
NOT specific investment advice for individual clients
Based on research-driven methodology and market views
Continuously monitored and updated when necessary
Exercise discretion and consult with investment adviser before replicating any model portfolio. Does not consider individual risk profiles, financial goals, or investment timelines.
Terms & Conditions
Purpose: Reports exclusively issued to registered clients for informational purposes
Information Basis: Prepared using facts deemed true, correct, and reliable at publication
No Solicitation: Reports do not constitute offer document or solicitation to buy/sell/hold
Client Responsibility: Exercise independent judgment and consult financial advisors
Copyright: For personal use of registered clients only – no reproduction without authorization
Nature of Recommendations Reports and recommendations are provided solely for informational purposes. These documents do not constitute an offer and should not be interpreted as a solicitation to Buy, Sell, Hold, or follow any other ratings or investment actions.
Pankaj Kumar Jain do not accept responsibility for losses resulting from research reports or recommendations. No warranties on accuracy, completeness, or reliability.
Grievance Redressal
At Eye on Trade Research (SEBI Reg. No.: INH000021386), we are committed to maintaining the highest standards of transparency, service, and investor protection.
If you are dissatisfied with any aspect of our services, we encourage you to raise your complaint through the following channels:
If your concern remains unresolved within 7 days or you are not satisfied with our response, you may escalate the issue directly to SEBI using the platforms below:
SEBI SCORES Portal SEBI SMART ODR (Online Dispute Resolution) SEBI Toll-Free: 1800 22 7575 SEBI Toll-Free: 1800 266 7575
Contact Any SEBI Office
iOS (Apple Store) Android (Google Play)
SEBI provides free tools, resources, and mobile applications to promote investor awareness and financial literacy, empowering investors to make informed decisions.
SEBI Investor App (Android) SEBI Saarthi App (iOS)
Investor Charter & Complaint Table:
For additional information on investor rights, services, responsibilities, and complaint mechanisms, refer to the Investor Charter and Complaint Table available at:
www.eyeontrade.com
No Warranties on Accuracy or Results
The research analyst or entity does not guarantee the accuracy, completeness, or reliability of any information or content on its platform or reports. This includes warranties related to merchantability, suitability for an investor’s purpose, or non-infringement.
By the nature of investment risk, investors cannot claim compensation for any losses incurred based on the research recommendations provided. All investment decisions and their consequences remain the sole responsibility of the investor.
Report Unethical Practices
We are committed to ethical research and transparent market practices. If you observe any misleading claims, unauthorized fee collection, or unethical conduct involving our services or brand:
No third party or employee is authorized to offer return guarantees. Report any such activity to our Compliance Officer and SEBI immediately.
If you engage with such unauthorized persons, including our employees or associates, or accept return guarantees without officially informing the company, the company will not be liable for any resulting losses or liabilities.
Reporting such incidents both internally (Compliance Officer) and to the regulatory authority (SEBI) is a critical step to help stop potentially illegal investment schemes.
Report directly to our Compliance Team: [email protected]
Or contact SEBI Toll-Free:
1800 22 7575
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Disclosure of Material Information
All recommendations are made in good faith and based on data believed to be reliable at the time of publication. Investors are advised to exercise discretion and consult certified professionals before making any financial decisions.
Entity Name: EYE ON TRADE RESARCH (Pankaj Kumar Jain)
SEBI Research Analyst Registration No.:INH000021386
Pankaj Jain is engaged in providing independent equity research services. The firm offers Buy / Sell / Hold recommendations and other investment opinions to clients through research reports, analysis, and market commentary.
The Entity is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014.
Disciplinary History Statement
Pankaj Jain, along with its partners and associates, has a clear and unblemished record. There have been no instances of disciplinary action, penalties, or sanctions imposed by any regulatory or administrative authorities against Pankaj Jain, its partners, or associates.
This statement is made in accordance with disclosure requirements for transparency and regulatory compliance as per SEBI (Research Analyst) Regulations, 2014. Investors and clients can be assured that Pankaj Jain operates in full compliance with all relevant regulatory and ethical standards and maintains a clean disciplinary record.
Entity: EYE ON TRADE RESEARCH (Pankaj Jain)
SEBI Registration No.: INH000021386
Conflict of Interest & Compensation Disclosures
Pankaj Jain or its associates have NOT:
Entity: EYE ON TRADE RESEARCH (Pankaj Jain)
Received any compensation from the subject company in the past twelve months.
Managed or co-managed any public offering of securities for the subject company in the past twelve months.
Received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.
Received any compensation for products or services other than investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.
Received any compensation or other benefits from the subject company or any third party in connection with this research report.
Engaged in any market-making activity for the subject company.
The Research Analyst has not served as an officer, director, or employee of the subject company at any point in time.
Content published via the official social media handles of Pankaj Jain, a SEBI-registered Research Analyst having registration Number: INH000021386, and BSE Enlistment Number: 6592, is intended strictly for educational and informational purposes only.
Posts, visuals, or opinions shared on social media platforms do not constitute buy/sell/hold recommendations in any securities or financial instruments.
Viewers/readers are strongly advised to consult their SEBI-registered financial adviser or investment professional before acting on any opinions or information shared online.
Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.
SEBI registration and NISM certification do not in any way assure the performance of the intermediary or guarantee returns to investors.
Markets are inherently volatile. Clients may face partial or total loss of capital under adverse market conditions or company events.
Any securities or companies mentioned (e.g., in model portfolios or illustrations) are for demonstration/illustration purposes only and not a recommendation.
Past performance is not indicative of future results.
Content published via website, social media, or other public platforms does not carry any warranty for merchantability, non-infringement, fitness for purpose, or accuracy.
There is no provision to claim financial losses, if any, incurred based on research opinions, report content, or public commentary. Invest only as per your risk appetite.
Regulatory Notice: Our recommendations and services related to crypto, Forex, and other third-party products fall outside the regulatory oversight of the Board (SEBI). Clients will not have recourse or support from the Board (SEBI) for any grievances or losses that may arise. Crypto assets are known for their highly volatile and unregulated products, which can lead to the potential loss of capital. Invest at your own risk, and there is no provision to claim financial losses.
For risk disclosures, disclaimers, investor charter, MITC, financial interest statements, refund policies, terms and conditions, investor grievance redressal process, and other, please visit: www.eyeontrade.com and read everything to avoid any future conflict of interest.
CAUTION TO INVESTORS ON STOCK MARKET SCAMS THROUGH SOCIAL MEDIA PLATFORMS
Protecting Yourself from Social Media Scams in the Securities Market
The emergence and widespread adoption of social media have transformed our methods of connecting and sharing information. Unfortunately, some entities exploit Social Media Platforms (SMPs) to lure and deceive unsuspecting investors in the securities market. These entities employ various strategies to gain the trust and confidence of potential investors.
Unsolicited Invitations:
They often send unsolicited links to join WhatsApp Groups (such as VIP Groups or Free Trading Courses) to entice prospective clients.
Fake Profiles:
These entities create fraudulent profiles that present them as experts in the securities market.
Impersonation:
Frequently, they impersonate SEBI-registered intermediaries, well-known public figures, celebrities, CEOs, or MDs of established organizations.
Fake Testimonials:
They mislead investors by showcasing fabricated testimonials from group members, claiming substantial profits. As a result, investors are tricked into transferring funds to these entities’ bank accounts, with false promises of similar high returns.
Given this situation, investors are urged to be cautious and not trust unsolicited messages from unverified individuals, and to avoid joining questionable WhatsApp Groups or Communities.
Guidelines for Investors:
Engage only with SEBI-registered intermediaries and utilize authentic trading apps.
Verify the registration status of entities with SEBI at: SEBI Registration Verification
before making any investments.
Conduct transactions solely through the official trading apps of SEBI-registered intermediaries found at: SEBI Investor Support
.
Investors should only communicate through the genuine social media handles of SEBI-registered entities.
SEBI is releasing this statement to alert investors about the widespread frauds and scams perpetrated by unscrupulous entities, and to provide guidance on how to protect themselves while engaging in the securities market through SEBI-registered intermediaries.
Tips from Research Analyst on Reducing Your Risk of Stock Market Scams via Social Media Platforms:
Step One: Search for the Research Analyst’s name at: SEBI’s official website
.
Step Two: Obtain the email address and phone number of that Research Analyst.
Step Three: Communicate with the Research Analyst regarding products and services exclusively through the email address provided on the SEBI portal mentioned above.
Step Four: If the Research Analyst responds from the same email address, you can be assured you are communicating with a genuine SEBI-registered professional.
Step Five: If they respond from a different email address, disregard the communication, as they may be impersonators attempting to scam you out of your hard-earned savings.
📢 For risk disclosures, disclaimers, MITC, investor charter, grievances, and more, please visit: www.eyeontrade.com
Statement of Research Report/Recommendation (Pankaj Kumar Jain, Proprietor – Eye On Trade Research, SEBI Reg. No. INH000021386)
The following Disclosures are being made in compliance with the SEBI Research Analyst Regulations 2014 (herein after referred to as the Regulations)
EYE ON TRADE RESEARCH (Proprietorship of Mr. Pankaj Kumar Jain) (“Research Entity”) (“Research Entity”) is registered with SEBI as a Research Analyst with Registration No. INH000021386. The research entity received its SEBI registration on 30/6/2025 and is engaged in research and recommendation services. The focus of the research entity is to provide research and recommendation services to clients. The analyst aligns his interests with those of the client and seeks to provide the most suitable and well-researched services.
Research entity Means (EYE ON TRADE RESEARCH (Proprietorship of Mr. Pankaj Kumar Jain) (“Research Entity”) is registered with SEBI as a Research Analyst with Registration No. INH000021386.
Research entitie have no material adverse disciplinary history as on the date of publication of this report.
Research entity has no associates
Research entity or its associate or Research Analyst or his relative have no financial interest in the securities recommended.
There are no actual or potential conflicts of interest arising from any connection of Research entity or its associate or Research Analyst or Proprietor or his relatives to or association with any issuer of products/ securities, including or any material information/ facts that might compromise its objectivity or independence in their carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when arises.
Research entity or its associate or Research Analyst or his relative, may 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 research report or date of the public appearance of research recommendation.
Research entity or its associate or Research Analyst or his relative has no connection or association of any sort with any issuer of products/ securities recommended herein.
Research entity or its associate or Research Analyst or his relative has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of research and recommendations services.
Research entity or Research analyst or its associates has not received any kind of remuneration or consideration form the products/ securities recommended herein.
Research entity or Research analyst or its associates have not received any compensation from the subject company in the past 12 months.
Research entity or Research analyst or its associates have not managed or co-managed the public offering of Subject Company in the past 12 months.
Research entities or Research analysts or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months.
Research entity or Research analyst or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months
Research entities or Research analysts or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report or research recommendations.
Research entities or Research analysts or its associates have not received any compensation for products or services from the subject company in the past 12 months.
The subject company is or was not a client of Research entity or Research analyst or its associates during twelve months preceding the date of this report for investment banking or merchant banking or brokerage services or other services in respect of which the research report and recommendation services were provided.
Research Analysts or its associates have not served as an officer, director or employee of the subject company.
Research Entity or Research Analysts has not been engaged in market making activity of the subject company.
Disclosure Regarding Other Interests
Mr. Pankaj Kumar Jain (Proprietor, Eye On Trade Research, SEBI Registration No. INH000021386) holds a 50% equity stake in Primepaisa Finserve Private Limited, a company engaged in providing educational and training services related to the financial markets.
This entity is strictly involved in training and knowledge dissemination activities, and does not engage in any form of investment advisory, stock recommendation, or portfolio management services.
This association does not influence the independence or objectivity of the research views expressed in this report.
Any potential conflict of interest, if it arises in the future, will be appropriately disclosed in accordance with applicable regulations.
General Disclaimer and Disclosure Statement of Research Report/Recommendation (PANKAJ KUMAR JAIN, Proprietor of Eye On Trade Research | SEBI Registration No. INH000021386)
(a). Source of Information Disclaimer
The recommendations provided in this report are based on information believed to be reliable and publicly available. However, the accuracy or completeness of the data cannot be guaranteed.
“We generally use publicly available information, reliable data sources, exchange filings, company disclosures, company presentation, concall, financial reports, news platforms, and other standard industry databases for preparing our research reports.”
Third-Party Research Reference Disclosure
While preparing this research report, we may have referred to publicly available research reports, insights, or analysis published by other SEBI-registered Research Analysts, brokerage firms, financial institutions, or reputed media portals. These references are used purely for cross-verification and to enhance the understanding of the subject matter.
However, the final views, analysis, and recommendations expressed in this report are completely our own and independent.
The recommendations provided in this report are based on information believed to be reliable and publicly available. However, the accuracy or completeness of such data is not guaranteed.
We generally use publicly available sources and reputed third-party platforms for our research and analysis. These may include but are not limited to:
TradingView
RupeeVest
Trendlyne
Tijori Finance
Value Research Online
Prysm
Sensibull
AI-powered research tools like ChatGPT, Gemini, Perplexity.ai, and NotebookLM
& More
This disclosure is made in the interest of full transparency and to inform investors about the nature of data sources used in our research.
(b) Time Horizon:
Unless otherwise specified, all recommendations in this report are based on a 12-month investment period. However, in the case of thematic investments, model portfolios, or strategic ideas, the intended investment horizon may extend to 3 to 5 years or more, depending on the nature of the opportunity and expected value realization.
Investors are strongly advised to evaluate such long-term recommendations in the context of their financial goals, risk tolerance, and investment capacity, and to consult a qualified financial advisor before making any decisions. Stock market investments are subject to market risks and may lead to significant financial losses.
(c) Basis of Ratings:
Investment ratings or recommendations are based on absolute returns (positive or negative) and are not relative to any benchmark index.
(d) Market Risk Factors:
Securities prices may rise or fall due to changes in market conditions, macroeconomic developments, or company-specific events – even after you follow our recommendations.
Key Risks
Market Risk: The company’s stock price may decline due to broader market corrections, even if its fundamentals remain strong.
Macroeconomic Risk: Changes in interest rates, inflation, GDP slowdown, geopolitical tensions, or global recession may negatively impact business performance.
Sector-specific Risk: Any unfavorable policy changes, technological disruption, declining demand, or increased competition within the sector may adversely affect the company.
Management Risk: Changes in top management, inconsistent decision-making, or weak corporate governance could pose significant risks to the business.
Regulatory Risk: Shifts in taxation policies, environmental norms, or industry regulations may disrupt operations or profitability.
Liquidity Risk: Low trading volumes in the company’s stock may lead to difficulty in buying or selling shares, especially during volatile market conditions.
Company-specific Risk: Earnings volatility, high debt levels, failure of new projects, or involvement in legal disputes can negatively affect the company’s outlook.
Valuation Risk: If the stock is trading at a premium compared to its fundamental value, there may be a risk of correction or underperformance.
Derivative-driven Volatility: Heavy participation in Futures & Options (F&O) can lead to abnormal price movements and artificial rallies or declines.
Currency and Global Exposure Risk: Companies with significant export business or foreign operations may be affected by currency fluctuations or adverse global developments.
Liquidity Risk: Low trading volumes in the company’s stock may result in difficulty entering or exiting positions, especially during volatile conditions. This could increase impact cost and slippage for retail investors.
Lower Circuit Risk: In adverse scenarios, the stock may hit a lower circuit, preventing exit and leading to temporary or prolonged capital blockage.
Upper Circuit Risk: In illiquid or speculative stocks, upper circuits may lead to price distortion, making it difficult to buy during momentum phases and increasing volatility risk.
Market Crash Risk (External Factors): Unexpected external events such as geopolitical conflicts, pandemics, global banking crises, commodity price shocks, or natural disasters can trigger a sudden and sharp correction in the equity markets. These events are often unpredictable and may severely impact investor sentiment across all sectors, regardless of company fundamentals.
Sudden Capital Erosion Risk: In highly volatile or low-liquidity stocks, there is a risk of sudden and steep price crashes, which can potentially lead to complete capital erosion within a few trading sessions. This may happen due to negative news flow, operator-driven price manipulation, or broader market panic. Investors without proper risk control mechanisms such as stop-loss or diversification may suffer significant losses.
Stop-loss Slippage & Illiquidity Risk: In illiquid stocks or during highly volatile conditions, the price may jump or gap down significantly, skipping the stop-loss level without any trade occurring at that price. This can result in a much larger loss than intended, especially when there are no buyers/sellers at the stop level. Such situations are common in stocks with low volume, circuit filters, or sudden news events.
Several other investment options are available in the market. Investing in equity markets inherently involves risk, including the possibility of loss in capital. Therefore, before making any investment decision, investors are advised to carefully assess their financial position, risk tolerance, and investment objectives. It is strongly recommended to consult a certified financial advisor before acting on any information provided in this report.
(e) We may revise our ratings or recommendations from time to time based on changes in valuations, expected returns, evolving clarity on business fundamentals, material events impacting the company or its sector, regulatory developments, or broader macroeconomic and global factors.
(f) Our opinions and views are subject to change without prior notice based on evolving market conditions, company developments, or other relevant factors. We are under no obligation to inform clients individually when such changes occur.
(g) Clients and investors should understand that equity investments carry inherent market risks, including the risk of partial or complete capital erosion. Such risks are particularly elevated during times of market stress, volatility, or unexpected global and domestic events. Investors are advised to assess their risk tolerance and financial objectives before making any investment decisions.
(h) We strictly comply with the SEBI (Research Analyst) Regulations, 2014. We do not offer any Portfolio Management Services (PMS), Investment Advisory Services, or any form of personalized financial advice.
Analyst Certification
PANKAJ KUMAR JAIN, Proprietor of Eye on Trade Research
SEBI Research Analyst Registration No.: INH000021386
I, Pankaj Kumar Jain, Proprietor of Eye on Trade Research, hereby certify that the views expressed in this research report reflect my personal and unbiased views about the subject company(ies), security(ies), or issuer(s). This report has been prepared using information believed to be accurate and obtained from publicly available and reliable sources.
I also certify that my compensation is not and will not be directly or indirectly related to the specific recommendations or views expressed in this report.
The analyst(s) involved in the preparation of this report, or their relatives and associates:
(a) Do not have any financial interest in the subject company(ies) mentioned in this report;
(b) Do not own 1% or more of the equity securities of the subject company(ies) as of the last day of the month preceding the publication of this report;
(c) Have no material conflict of interest at the time of publication of this report.
Disciplinary History
PANKAJ KUMAR JAIN, Proprietor – Eye on Trade Research
SEBI Research Analyst Reg. No.: INH000021386
There has been no instance of disciplinary action, penalty, suspension, or proceedings initiated or passed by any regulatory or administrative agency against PANKAJ KUMAR JAIN PROPRIETOR OF EYE ON TRADE RESEARCH or its partners, employees, or associates.
Terms & Conditions and Risk Disclosures
Important Information Regarding Research Reports and Recommendations
At “PANKAJ KUMAR JAIN PROPRIETOR OF EYE ON TRADE RESEARCH”, we prioritize delivering dependable and precise research reports and recommendations to our registered clients. We rely on genuine data and information from reliable sources, including publicly available data. Our Reports are carefully reviewed to ensure accuracy and prevent misleading statements.
Important Disclaimer:
All research reports and recommendations provided by Pankaj Kumar Jain (Proprietor, Eye On Trade Research) are intended solely for informational and educational purposes.
This document does not constitute an offer or solicitation to buy, sell, hold, or subscribe to any securities or financial instruments. Investors are advised to exercise their own judgment and/or consult with their financial advisors before making any investment decisions.
Pankaj Kumar Jain, Eye On Trade Research, or any of its partners, employees, officers, or affiliates shall not be held liable for any loss or damage arising out of any inadvertent errors, omissions, or inaccuracies in the information presented in this report or recommendation.
Risk Disclaimer & Investor Caution Statement
Investing in capital markets inherently involves risk, and investors must assess their individual risk tolerance before making investment decisions. We strongly recommend consulting a qualified financial advisor before acting on any information or recommendations provided in our research reports. These reports are prepared for informational purposes only and are not tailored to specific financial objectives, investment horizons, or individual circumstances. Clients are advised to evaluate their own financial position, risk profile, and investment goals while considering the potential risks involved in capital market investments.
Warning: Our research reports are not tailored to any specific investment goals, financial situation, or personal needs. Investors are strongly encouraged to consult with a qualified financial advisor before making any investment decision. “Investment in securities markets is subject to market risks. Read all related documents carefully before investing.”
Market Risk: “Market risk refers to the possibility of partial or complete loss of capital due to unfavorable market conditions, economic developments, or company-specific events.”
The Securities Quoted Are for Illustration Only and Are Not Recommendatory.
No Guarantee by SEBI or Certification: “Registration granted by SEBI, membership of a SEBI-recognized supervisory body (if any), and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.”
Past ≠ Future: Past performance should not be considered indicative of future results.
Risk Associated with Open Positions: Some of our recommendations may remain open-ended without specific stop-loss or target levels. Investors should note that such open positions can lead to substantial losses in the event of adverse market conditions or unexpected company-specific developments.
No Loss Refund: Losses incurred based on our research recommendations are the sole responsibility of the investor. “PANKAJ KUMAR JAIN PROPRIETOR OF EYE ON TRADE RESEARCH” does not offer any refunds or compensation for such losses.
Illustration Only: The securities mentioned in our reports are for illustrative purposes only and should not be construed as investment advice.
Educational Use Clause: Any content—written, video, or social media—shared by us related to the securities market is strictly for educational purposes and should not be considered as a recommendation. Always consult a registered advisor before acting.
Disclaimer on Media Content:
“Any content, including videos or posts related to securities or the securities market shared on social media, print media, or any other platform, is strictly for educational purposes only. Such content should not be interpreted as investment advice or a recommendation. Viewers and readers are strongly advised to consult with a certified financial advisor before making any investment decisions based on such content.”
Use of AI Tools in Research and Advisory Services
Research Methodology Disclosure:
“Our recommendations are primarily based on a combination of technical and fundamental analysis. Additionally, we may incorporate the use of Artificial Intelligence (AI) tools to enhance research efficiency and insights. However, AI is used as a support tool and not as a standalone decision-making mechanism.”
The following key points are important to understand regarding such usage:
Supportive Role: AI tools are used to assist in data analysis, pattern recognition, news aggregation, financial modeling, and drafting of content. However, all final views, conclusions, and recommendations are independently reviewed and approved by the Research Analyst.
No Autonomous Decision-Making: The AI tools used do not make autonomous investment decisions. The interpretation, judgment, and final recommendation rest solely with the SEBI Registered Research Analyst.
Data Sources: AI tools may process publicly available data, proprietary databases, and regulated data sources. However, the accuracy and completeness of such data are not guaranteed.
Transparency & Compliance: Use of AI complies with SEBI (Research Analyst) Regulations, 2014. All material published is vetted and aligned with regulatory and ethical standards.
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Model Portfolio by Research Analyst
“PANKAJ KUMAR JAIN PROPRIETOR OF EYE ON TRADE RESEARCH” (SEBI Reg. No.: INH000021386) adheres strictly to the SEBI Research Analyst Regulations while constructing and recommending any Model Portfolio.
All model portfolios, if and when provided, are intended for informational purposes only and are constructed using professional research based on a blend of technical and fundamental analysis.
Each portfolio is developed in accordance with applicable guidelines and is not personalized or tailored to individual investment objectives, risk profiles, or financial situations.
NOTICE: Our Recommendations and services of Crypto, Forex, and any Other third-party products are outside the regulatory purview of the Board (SEBI), and no recourse or support from the Board (SEBI) shall be available to such clients for any grievance arising therefrom.
Note: The potential for capital loss is significantly high with any of the products mentioned above, primarily due to the absence of a regulatory body and grievance mechanisms.
Investors should consider their risk tolerance when making investments, and we cannot be held responsible for any adverse events that may occur. We are simply sharing our insights as analysts.
Action Definitions for Equity Calls & All Type Of Calls
(ये मुख्य रेटिंग हैं)
Buy
➤ Buy securities/stocks within the specified price range.
Example: “Buy XYZ at ₹100–105” means buy only if the stock is trading between ₹100 and ₹105 — not above or below this range.
Sell
➤ Sell securities/stocks as per the defined price range in the call.
This may include either full or partial selling depending on context.
Hold
➤ Continue to hold your current position until a new stop-loss or target is provided.
No fresh action is required unless specified.
Apply
➤ Apply in a public offer such as:
IPO (Initial Public Offering)
Buy-back
OFS (Offer for Sale), etc.
Book Profit
➤ Sell part or full quantity of your stocks/securities to secure the gains achieved so far.
It’s your choice whether you want to book full profit by exiting completely or partial profit by selling a portion and holding the rest.
Partial Book Profit
➤ Sell a portion of your holdings to secure partial gains.
The remaining quantity can be managed with a trailing stop-loss to @ cost & protect profits while allowing further upside potential.
Exit
➤ Sell all holdings/positions completely.
➤ Sell all quantities of your stocks/securities and completely close the position or holding.
“As per your Risk Appetite”
“हर निवेशक का जोखिम लेने का स्तर अलग होता है। आप अपनी मानसिक सहनशीलता और जोखिम क्षमता के अनुसार एग्जिट कर सकते हैं। यह रेटिंग अक्सर बेहद हाई रिस्क ट्रेड के लिए दी जाती है। यदि लक्ष्य (टारगेट) में भी लिखा गया है, तो आप अपनी भावनाओं और अनुभव के अनुसार मुनाफा ले सकते हैं, यानी एग्जिट और फैसले अपनी मानसिक शक्ति और इमोशन्स के हिसाब से करें।”
This action is typically taken to lock in profits, cut losses, or move out of a trade entirely.
Add / Reduce
➤ Buy or sell a partial quantity of your existing stock/security position.
Use Add to increase your position, or Reduce to decrease exposure based on market conditions or strategy adjustments.
Update
➤ इसका मतलब है कि कोई पोज़िशन पहले से ओपन है, और उसी पर नया अपडेट या निर्देश दिया गया है।
यह अपडेट ट्रेलिंग स्टॉप लॉस, टारगेट एडजस्टमेंट या कोई अन्य रणनीतिक बदलाव से संबंधित हो सकता है।
View: Positional (10–12 Weeks & (Months) Above (10–12 Months) Above (उससे भी अधिक) तक भी होल्ड किया जा सकता है। यानी यह कोई इंट्राडे या बहुत शॉर्ट टर्म ट्रेड नहीं है।
Stop Loss Price: Stop Loss Price वह प्राइस स्तर होता है जिस पर आप यह तय करते हैं कि यदि स्टॉक वहाँ तक गिरता है, तो आपको ट्रेड से बाहर निकल जाना है ताकि आगे और नुकसान न हो।
इसका मतलब:
“हमारे द्वारा दिए गए कॉल में अगर Stop Loss 15% है, और आपने ₹100 पर खरीदा है, तो आपको ₹85 पर बाहर निकलना चाहिए। इससे आगे रुकना आपके लिए और घाटे का कारण बन सकता है।”
उदाहरण:
Buy Price (खरीद मूल्य): ₹100
Stop Loss %: 15%
स्टॉप लॉस मूल्य = ₹100 – (15% of ₹100) = ₹85
यानी अगर स्टॉक ₹85 तक गिर जाता है, तो वहाँ एग्जिट करना ज़रूरी है — ताकि इससे ज्यादा नुकसान न हो।
Example Trade:
Buy XYZ @ ₹50–55
Stop Loss: 15% below entry price
Target: ₹70 & Above
View: Positional (6–10 weeks)
Risk Level: High
Stop Loss Triggered
जिस प्राइस पर स्टॉपलॉस निर्धारित किया गया था, वह प्राइस हिट हो चुका है।
इसका मतलब है कि यह ट्रेड स्वतः समाप्त मान लिया गया है।
अब इस ट्रेड पर कोई नया अपडेट या रिव्यू नहीं दिया जाएगा।
कृपया इस ट्रेड को Closed Position मानें और आगे की प्लानिंग में इसे शामिल न करें।
Target Achieved / Target Hit
हमारे द्वारा दिए गए लक्ष्य मूल्य (Target Price) को बाजार ने छू लिया है।
इसका मतलब है कि ट्रेड ने सफलतापूर्वक अपना प्रॉफिट लेवल अचीव कर लिया है।
Exit the remaining position:
Action: Exit the remaining position (Close all open quantity).
Meaning: All holding now exited, no further action remains.
उदाहरण:
आपने XYZ शेयर 100 शेयर खरीदे थे।
पहले आपने 60 शेयर का Partial Profit Book कर लिया।
अब बचे 40 शेयर।
“Exit the remaining position” का मतलब है — इन बचे हुए 40 शेयरों को भी बेच देना और पूरी पोजिशन क्लोज कर देना।
Low Risk (न्यूनतम जोखिम)
मुख्यतः हम इस श्रेणी में निम्न को शामिल करते हैं:
Index ETFs ➤ जैसे: Nifty 50 ETF, Sensex ETF, Nifty Next 50 ETF आदि।
Top 20 Stocks (By Market Cap & Fundamentals)
Characteristics:
बड़े मार्केट कैप वाले (Blue Chip Companies)
कम उतार-चढ़ाव (Low Volatility)
फंडामेंटल और टेक्निकल रूप से मजबूत
सुरक्षित निवेशकों के लिए उपयुक्त – जैसे रिटायर्ड व्यक्ति, लॉन्ग-टर्म निवेशक
Moderate Risk (मध्यम जोखिम)
मिड-कैप या मजबूत स्मॉल-कैप स्टॉक्स
कुछ हद तक उतार-चढ़ाव लेकिन प्रबंधनीय
Ideal for:
Investors with moderate risk appetite and experience
High Risk (उच्च जोखिम)
SWING TRADING / INTRADAY TRADING
तेज़ प्राइस मूवमेंट (High Volatility)
Very High Risk (अत्यधिक जोखिम)
Micro-cap, penny stocks, Small cap या SME companies
पूंजी पूरी तरह डूबने का खतरा
लिक्विडिटी बहुत कम
Buy on Dips: खरीदारी के लिए थोड़ी गिरावट का इंतजार
Sell on Rise: स्टॉक बढ़ने पर बिकवाली
Watchlist: निगरानी सूची में रखें
Trail Stop-Loss @Buy Cost / @10: स्टॉप-लॉस को ट्रेल करना
Book Profit: लाभ में हिस्सों की बुकिंग
Re-Enter: पहले Exit किए गए स्टॉक को फिर से खरीदना
Avoid: वर्तमान में स्टॉक से दूर रहें
Under Review: स्टॉक पर कोई निश्चित राय नहीं
Long-Term Only: केवल दीर्घकालिक निवेशकों के लिए
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