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
In order to break the pattern of lower highs, the Nifty50 must decisively breach 19,600 mark.
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Consultancy Services with stop loss at Rs 2055 and target of Rs 2100, Infosys with stop loss at Rs 743 and target of Rs 761 and V-Guard Industries with stop loss at Rs 218 and target of Rs 226.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries with a stop loss of Rs 1100, target of Rs 1175, Hindustan Unilever with a stop loss of Rs 1740, target of Rs 1775 and Axis Bank with a stop loss of Rs 670, target of Rs 695.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 435 and stop loss at Rs 415 and Kajaria Ceremics with target at Rs 512 and stop loss at Rs 493.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Sudarshan Sukhani of s2analytics.com recommends selling Axis Bank with stop loss at Rs 627 and target of Rs 614, Syndicate Bank with stop loss at Rs 35.70 and target of Rs 33.30 and Jain Irrigation Systems with stop loss at Rs 67.05 and target of Rs 63.40.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries with a stop loss of Rs 1239 and target of Rs 1282 and Bata India with a stop loss of Rs 974 and target of Rs 1000 while he advises selling CESC with a stop loss of Rs 891 and target of Rs 840.
INR has depreciated by over 10 percent against the greenback
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.
Rajesh Agarwal of AUM Capital recommends buying Kaveri Seed Company with a stop loss at Rs 555 and target of Rs 582, ITC with stop loss at Rs 267 and target of Rs 281 and Century Textiles & Industries with stop loss at Rs 870. and target of Rs 908.
Sudarshan Sukhani of s2analytics.com recommends selling Coal India with a stop loss at Rs 264 and target of Rs 255, DLF with a stop loss at Rs 181 and target of Rs 172 and Hindustan Zinc with a stop loss at Rs 272 and target of Rs 263.
Analysts’ advise investors to remain with quality stocks which might have fallen less in the carnage as compared to stocks whose value has eroded 50-80 percent in the past 6 months
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 1860, target of Rs 1920 and Hindustan Unilever with a stop loss of Rs 1670, target of Rs 1725.
"The support level for the scrip is currently placed at Rs 84 and resistance level from the upper band is placed at Rs 135. We have a buy recommendation for Jain Irrigation which is currently trading at Rs 103.90," says Dinesh Rohira of 5nance.com.
Going ahead into a week with F&O expiry and overhang pressure from rising crude oil price along with weakening rupee, the index is likely to witness volatile trade setup in the coming session.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
With May F&O expiry coming this week coupled with a mixed set of global and domestic cues, we can expect a volatile trade in the coming week, Dinesh Rohira, Founder & CEO, 5nance.com, said in an exclusive interview with Moneycontrol’s Kshitij Anand.
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 164 and target at Rs 174, a buy on Ujjivan Financial Services with stop loss at Rs 398 and target at Rs 417 and a buy also in Adani Transmission with stop loss at Rs 164 and target at Rs 176.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
CA Rudramurthy BV, Head-Research at Vachana Investments recommends buying DLF, Reliance Capital and Jain Irrigation Systems.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Gaurav Ratnaparkhi of Sharekhan advises buying Dr Reddy's Lab with a target of Rs 2283.
Mitessh Thakkar of miteshthacker.com recommends buying Britannia Industries with stop loss of Rs 4785 for target of Rs 5000 and Infosys with a stop loss of Rs 1144 for target of Rs 1190.
Ruchit Jain of Angel Broking advises buying Godrej Consumer with a target of Rs 1091.