CHARTITUDE

May was a month where the index did not tell the full story. While Nifty 50 stayed weak, select themes in the small-cap and mid-cap space continued to show strength. From power and data-centre proxies to metals, pharma, chemicals, and selective defence names, the month highlighted the importance of watching themes, respecting risk, and learning from price action.

Before diving deeper into chart patterns, it’s crucial to understand what a gap is. A gap occurs when no transaction takes place between a buyer and seller in a certain price zone. For example, if a stock closes at ₹102 and opens the next day at ₹106 due to positive news, the area between 102–106 becomes a gap. Upside Gaps: Signal strong buying interest. Often linked to news like earnings or product launches, they may lead to powerful rallies. Contrary to popular belief, not

In trading, your control is limited to four key things — stock selection, entry point, position sizing, and exit. Focus on these and tune out the noise. The market isn’t a crystal ball, and risk management is what keeps you afloat through every tide.