1.The call at a glance
Every research call has the same parts: the instrument and direction (BUY or SELL), an entry zone, a stop-loss, up to three targets, the chart timeframe it was read on, and the condition that would make it wrong. The call page adds a one-line status (“Now”), the analyst’s latest instruction, and two tools: “Work out a quantity” and “I took this trade”.
The example on this page is DEMO SCRIP, a made-up symbol: a BUY on the daily chart with an entry zone of 99 – 101, a stop-loss of 96 and targets of 104, 108 and 112. It was filled at 100.
DEMO SCRIP
BUY- 99 – 101
- 96
- 104 108 112
2.Entry zone and fill
The entry zone is the price range in which the call may be entered: 99 to 101 in the example. Until the price reaches it, the status reads “Waiting for entry” and the Now line says “Not entered yet”.
When the call triggers, the analyst records the fill: the price at which the call was entered (100 in the example). The call’s result, its R and its stop distance are measured from the fill. Your own fill may be different; in your journal you record your own price.
If the price has already moved past the zone in the trade’s direction (above 101 for this BUY), the call page says so. The call does not ask you to chase a late entry: wait for a return to the zone, or skip it.
3.Stop-loss, stop basis and “Stop 4.0% away”
The stop-loss is the price at which the call is exited if the trade goes wrong: 96 in the example. For a BUY it sits below the entry zone; for a SELL, above it.
The call page shows how far the stop is from the entry, as a percentage. That distance is measured from the stop basis: the fill once the call is entered, or the middle of the entry zone before that. Here both are 100, so the stop is 4 points, or 4.0%, away.
“Stop 4.0% away” is about price, not about your money. It is not 4.0% of your capital. What you could lose in rupees depends on how many shares or units you hold: see “Work out a quantity” below.
4.Targets T1, T2, T3
Targets are the levels where the call plans to book profit, listed nearest first: T1 104, T2 108 and T3 112 in the example. A call may have one, two or three.
On the call page each target shows its distance from the entry in % and its R:R. Reaching T1 does not mean T2 will follow: a call can reach T1 and then come back to its stop, or close at another level.
5.R and R:R, with a worked example
R is the risk on the call: the distance from the entry to the stop-loss. In the example R is 100 − 96 = 4 points.
R:R (reward to risk) compares the distance to a target with that risk. T1 at 104 is 4 points away, the same as the risk, so R:R to T1 is 1:1.0. T3 at 112 is 12 points away, three times the risk, so R:R to T3 is 1:3.0. The card writes this as “R:R 1:1.0 to T1 · 1:3.0 to T3, from fill”.
Before a call is filled, R:R is measured from the less favourable edge of the zone (the top for a BUY, the bottom for a SELL), so the ratio is not flattered by an entry you may not get. In the example that edge is 101: 1:0.6 to T1 and 1:2.2 to T3, “from zone top”.
| Exit at | Move from 100 | Result in R |
|---|---|---|
| 112 (T3) | +12 | +3.00R |
| 104 (T1) | +4 | +1.00R |
| 101.88 | +1.88 | +0.47R |
| 100 (entry) | 0 | 0.00R |
| 96 (stop-loss) | −4 | −1.00R |
So “0.47R” means the result was a little under half of what was at risk. R puts calls with different stop distances on one scale. R:R describes the plan; it says nothing about how likely a target is.
6.After T1, and trailing stops
When T1 is reached the status changes to “Target 1 hit” and the call stays open for the next target. This is not a fresh entry: the Now line says so and names the next target.
The stop-loss stays as published unless the analyst posts a new instruction. An instruction may move the stop in the trade’s favour, for example to the entry price; this is called trailing the stop. The latest instruction appears in full under the Now line on the call page, and in its timeline.
If a trailed stop is then hit, the call closes at its stop but not at a loss: the status reads “Closed at cost” or “Trailing stop hit · in profit” instead of a red “Stop-loss hit”.
Whether to book part of your own position at T1 is your decision. The call page tells you what the call does; it does not know your position.
7.Invalidation: where the view is wrong
Invalidation is the condition that would show the view behind the call is wrong, for example the price closing below a level on the call’s timeframe. Each call states its own in plain words in the Invalidation box.
Before entry: if the invalidation happens first, the call is void. Do not enter it; such a call is then marked Cancelled. After entry, the stop-loss is the exit level, and the invalidation explains why the stop sits where it does.
On a SELL the levels are mirrored: the stop-loss and the invalidation are above the entry zone, and the targets below it.
8.Timeframe and candles
Every call is read on one chart timeframe: 15m (15-minute), 1H (hourly), 1D (daily) or 1W (weekly). The example is on 1D.
A candle is one bar of that chart. On a daily chart one candle is one trading day; on a 15-minute chart it is 15 minutes. So “12 candles since entry” on a 1D call means about 12 trading days, and on a 15m call about three hours.
Candles are counted only during market hours, so a weekend adds none.
9.Validity, cancelled and stopped
A call waiting for entry may show “Valid until …”: its entry window. For intraday calls it is, by default, 3:30 pm IST the same day. If the entry has not triggered by then, the call lapses; do not enter unless the analyst updates it.
- Cancelled: withdrawn before entry. Never filled, never traded, and not counted in results. If you placed an order for it, cancel the order.
- Stop-loss hit: the call was entered and then exited at its stop. It stays in the track record.
- Target reached: the call was exited at or beyond a target.
- Closed: exited at another price, for example on the analyst’s instruction. The exit price is shown.
10.The Now line and the latest price
At the top of every call page, the Now line says in one sentence where the call stands (waiting, entered, past T1, closed or cancelled) with the levels that matter at that moment.
The price shown on a call is the latest one recorded for it, from a TradingView alert or entered by the analyst. It is not a live exchange quote. “Now” means it was updated today; “Last” means it was not. If it has not been updated for a while, the page says so.
11.Work out a quantity
On the call page, “Work out a quantity” turns the call’s stop-loss into a quantity for your own account. You enter three things: your trading capital, how much of it you are prepared to lose on this trade (as a %), and your entry price. Nothing is assumed until you enter them, and they stay on your device.
The arithmetic: risk budget = capital × risk %. Risk per share = entry − stop-loss (for a BUY). Quantity = risk budget ÷ risk per share, rounded down.
| Capital | ₹2,00,000 |
|---|---|
| Risk you choose | 1% = ₹2,000 |
| Entry and stop-loss | 100 and 96: ₹4 per share |
| Quantity | ₹2,000 ÷ ₹4 = 500 shares |
| Position value | 500 × 100 = ₹50,000 |
If the price falls to the stop, 500 shares lose about ₹2,000, the amount you chose, before brokerage, taxes and slippage. The tool is arithmetic, not advice: it does not know your other positions, and in a fast market a stop can be filled at a worse price than its level.
12.Lot size for F&O and MCX
Futures, options and MCX commodity contracts trade in lots: a fixed number of units per contract, set by the exchange and revised from time to time. For these calls the tool gives a quantity in units of the underlying.
Round that down to whole lots. For example, if a contract’s lot were 250 units (a made-up figure), 500 units would be 2 lots, and 400 units would round down to 1 lot (250 units), not 2. If one lot already risks more than your budget, the call does not fit that budget at the risk you chose.
Futures and options are traded on margin, so the position value can be far larger than the money you put up. Check the current lot size and margin with your broker.
13.“I took this trade”
If you act on a call, “I took this trade” opens your journal in the members’ dashboard with the call’s levels filled in, and the quantity from the tool if you used it. Check the quantity and change the price to your own fill before you save.
Once saved, the call card and the call page show “You’re in this” with your quantity and price, and “Open my trade” takes you back to it. When both the call and your trade are closed, the call page shows the call’s result beside yours.
14.What a call is, and is not
- A research call is a recommendation published under the SEBI (Research Analysts) Regulations, 2014. It is not personalised to your finances or your risk profile.
- Whether you act on it, how much you trade and when you exit are your decisions.
- Results on the call page are before brokerage, taxes and slippage.
- Past results do not guarantee future results, and no return is assured.
