Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
The phase of consolidation may last as long as the index trades below the 21,000 mark, with immediate support at 20,850 and crucial support at the 20,500-20,300 levels, but if the index decisively closes above 21,000, then 21,500 could be the possibility
Indiabulls Real Estate saw a healthy breakout of downward sloping resistance trendline. The stock has formed strong bullish candlestick pattern on the daily scale and traded above all key moving averages.
On the higher side, Nifty has got an immediate resistance around 19,600 levels, derived from the downward sloping trendline, adjoining the highs of September 15 and October 17, 2023.
There weren’t any surprises in the Governors’ statement. Sometimes no news is good news, which is why markets have reacted with a slightly positive bias, says Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities.
Sun TV Network has formed long bullish candlestick pattern on the daily timeframe, with trading above all key moving averages.
Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.
The Nifty50 is expected to be in the range of 17,500-18,000. Only a break above 18,000 will increase momentum on the upside and trigger fresh buying, says Malay Thakkar
Here's what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today.
Investors with a higher appetite for risk should only venture in this sector given that it is cyclical and the companies do carry some amount of leverage, said an expert
We expect the stock to move higher towards its potential target of Rs89 in the medium term, says Hadrien Mendonca of IIFL.
The equity market is expected to witness positive momentum for a couple of sessions ahead of festive season, experts said.
Rajesh Agarwal of AUM Capital recommends buying BEML with stop loss at Rs 665 and target of Rs 720, Axis Bank with stop loss at Rs 600 and target of Rs 625 and Hindalco Industries with stop loss at Rs 230 and target of Rs 255.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Rajesh Agarwal of AUM Capital recommends buying National Aluminium Company with stop loss at Rs 65 and target of Rs 75 and Vedanta with stop loss at Rs 232 and target of Rs 250.
Rajesh Agarwal of AUM Capital recommends buying Reliance Infrastructure with stop loss at Rs 463 and target of Rs 499, Cyient with stop loss at Rs 753 and target of Rs 789 and Sical Logistics with stop loss at Rs 193 and target of Rs 212.
A rate hike is something which might not be taken in a positive light by most of the sectors
Here is a list of top 10 stocks which can return up to 35 percent in the next 12 months. For simplicity, we have taken stocks which have a market cap of less than Rs 10,000 crore.
Prakash Gaba of prakashgaba.com advises exiting Indiabulls Real Estate.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
Vijay Chopra of enochventures.com is of the view that one may buy Jet Airways with a target of Rs 835.
With uncertainties due to sell-off in the global market and its slipover towards Indian market, the element of volatility is high at current phase, and it will be advisable to stay caution before initiating a long position.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Vishal Malkan of malkansview.com is of the view that one may buy Century Textiles with a target of Rs 1520.
Sustaining above 10,550 levels on tradable basis Nifty can rally initially towards 10,720 and then 10,840 levels. On the downside, the index has support at 10,400 which was last week low and a break below the said level may trigger a decline towards 10,320 and then 10,230 levels, says Ashish Chaturmohta, Head of Technicals and Derivatives, Sanctum Wealth Management.