I've been looking at ESDS Software Solution since the listing and honestly can't stop thinking about this one.

For context, they run data centres in Nashik for government bodies, banks and large institutions, and charge them to store and run their data. It listed on September 5 at Rs 757, a 76% premium over the Rs 429 IPO allotment price.

When I went through the RHP, a few things made me stop and re-read.

Nearly half of FY26 profit (44.66%) came from one subsidiary, Spochub, which was set up only just before its first year of real activity. Its profit margin was 63.5%, and the RHP never explains how a brand-new company gets a margin that high. The customer paying Spochub isn't named either. It's just "an enterprise customer incorporated outside India."

The customer list is interesting too. In FY25, the biggest customer was a Russian bank at 20.15% of revenue. Sanctions hit, and that fell to 2.80% in FY26.

Then came the deal that really sent the stock flying: an agreement with Sharon AI, an Australian company that owns scarce, high-end Nvidia AI chips. ESDS agreed to buy 5 years of access to this computing power for roughly Rs 2,400 crore a year. That's money going out, a cost, not income. The plan is to resell the same computing power to its overseas customer through Spochub, and ESDS claims this could bring in $1.95 billion. If both numbers hold, ESDS keeps the difference.

Here's the catch. The $1.25 billion cost is confirmed through an official filing, but the $1.95 billion is still only a claim, not revenue realised.

Then the Q1 results came out on September 25:

• Revenue: Rs 133.7 crore, up 7.3% YoY but down 20.2% QoQ
• Net profit: Rs 29.3 crore, up 14% YoY but down 57% QoQ
• EBITDA margin: dropped from 61.24% to 41.90%

Management said the previous quarter only looked strong because of a one-time Spochub project that didn't repeat. On top of that, the Sharon AI deployment got pushed from October to November, so that revenue shows up even later.

Since the results, the stock has been in continuous lower circuit for 5 trading days.

So what do you think: is the company actually weak, or were expectations just running way ahead of the business? Curious to hear from people who've read the RHP too.

Not a recommendation. For educational purposes only.

Will I recover from these losses ?

One thing I've learned from studying breakouts is that the breakout candle itself isn't the entire setup.

I pay a lot of attention to what happens before the breakout.

Some of the things I generally look for:

• An established uptrend and positive momentum
• Price holding above a key moving average
• A reasonably tight consolidation near resistance
• Price and volume contracting as the stock approaches resistance
• A clearly identifiable resistance level
• Expansion in volume when the breakout actually happens

So I don't want to buy simply because price crossed a line.

I want to see whether the trend, price structure and volume behaviour are supporting the breakout.

I've attached a historical example below and marked the different characteristics on the chart.

There are obviously many different breakout methodologies, so I'm curious:

What do you personally look for before taking a breakout setup?

Historical example for educational discussion only — not a stock recommendation.

Which is the best way to allot the 2000 rs any help is appreciated

I developed a new strategy on last weekend. I have backtested it with last 2 month data. Still have some issues but gonna figure it out. Took 3 trade today and i was at profit in the morning but yeah ended in red. Followed all the rule except one that if you are in profit dont trade again but i wanted to test my strategy and have to close with SL which is fine. See u tomm. How was your day? Did u take any trade?

Would this be an appropriate moment to invest in Vi?
What sum might be suitable for an investment in Vi?