Disclaimer

1. General Disclaimer

2. No Guarantee of Returns

Investment in securities markets is subject to market risks. There is no assurance or guarantee of returns. Past performance of any recommendation is not necessarily indicative of future performance. The Research Analyst does not guarantee any minimum or specific return on investments made based on research recommendations.

3. Risk Disclosure

• ▸Equity markets are volatile and can result in substantial loss of capital.
• ▸Technical analysis is a tool, not a guarantee — market conditions can change rapidly and unexpectedly.
• ▸Stock prices may fall below the recommended stop-loss in extreme market conditions.
• ▸Recommendations are based on publicly available information and technical analysis at the time of publication.
• ▸Investors must assess their own risk tolerance before investing.

4. Independence of Research

All research and recommendations provided are independent and prepared without any conflict of interest. Indra Kamal Tiwari and associates do not hold any position (buy or sell) in the recommended securities at the time of publication, unless specifically disclosed in the research report.

5. Disclosure of Interest

Indra Kamal Tiwari (Research Analyst, INH000027414) and/or his associates may or may not have financial interest in the securities mentioned in research reports. Any such interest will be disclosed in the respective research report as required under SEBI (Research Analysts) Regulations, 2014.

6. Not a Broker / Investment Advisor

Indra Kamal Tiwari acts solely as a Research Analyst. He is not a stockbroker, investment advisor (registered under SEBI IA Regulations), portfolio manager, or mutual fund distributor in the context of this registration. Services are limited to the provision of research reports and stock recommendations only.

7. Limitation of Liability

Indra Kamal Tiwari, indrakamal.com, and its affiliates shall not be liable for any direct, indirect, incidental, or consequential loss or damage arising from use of, or reliance on, any research report, recommendation, or information published on this website. Investors use this information at their own risk.

8. SEBI Registration Disclosure