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 continuation of the northward journey is possible only if the market posts a strong close above the 20-day EMA. Below are some short-term trading ideas to consider.
According to experts, the Nifty 50 is likely to inch towards 24,800 as long as it holds the 24,650 level on a closing basis in the coming sessions. However, 24,500 is expected to be an immediate support zone. Here are some trading ideas for the near term.
KEI Industries formed strong bullish candlestick pattern on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trendline adjoining highs of January 5 and February 16, and traded above all key moving averages.
Considering the overall chart structure, we maintain a bullish stance with specific targets set at 21,834 and 22,000 for the short to medium term.
A bullish outlook on the Nifty will be confirmed above the 19,850 mark. Further resistance levels are 20,000 and 20,200
KEI Industries has successfully seen a breakout of falling resistance trendline on Monday and formed bullish candlestick pattern with upper and lower shadows on the daily charts, with above average volumes.
PVRInox continued its uptrend for third consecutive session. With this rally, the stock has come back above 200-day EMA, while the trading volume was very strong in last couple of weeks.
APL Apollo Tubes has been in an uptrend for sixth consecutive session, rising more than 4 percent to Rs 1,349 on Wednesday and formed long bullish candlestick pattern with no upper shadow and very small lower shadow on the daily charts.
NIIT has seen strong buying traction in the last trading session on Friday, which was backed by robust volumes and has witnessed a breakout on a closing basis, signifying positive development in the counter.
Varun Beverages is currently trading near its life-high which tells that the stock already is in strong momentum. The recent breakout of the Rounding Bottom pattern confirms continuation of the prior uptrend.
PNC Infratech's stock price has broken through its previous swing high of Rs 335 (January 16, 2023), indicating a potential change in trend towards positive side. This move also validates the continuation previous pattern of Higher Highs and Higher Lows.
KEI Industries shares gained nearly 3 percent to end at record closing high of Rs 1,661 and formed bullish candle on the daily timeframe with long upper and lower shadows, with above average volumes. It has seen higher high higher low formation for fourth consecutive session.
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
Punjab National Bank shares have climbed 5 percent to Rs 43.3, their best closing since October 27, 2021, and formed a bullish candle on the daily charts but is it enough? Read on
Redington (India) saw strong buying interest and had a gap-up opening on Thursday. It climbed 9.1 percent to Rs 139.55, and formed a large bullish candlestick pattern on daily charts with significantly higher volumes.
There is a classical bullish setup in NHPC as the counter had witnessed bullish flag formation in April month then it created a strong base at 200-DMA followed by a healthy correction.
The medium-term texture of Tata Communications is still weak but due to a short-term reversal formation, it can see a quick pullback rally
The immediate target for the Nifty is around 17,000-17,100 level at which we have seen Call writing.
The long-term bullish trend remains intact but in the medium-term, we might see the index in a range between 14,460 to 15,431 levels.
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
The BSE Midcap index is a shade away from turning positive for the year 2020 while the Smallcap index is trading in the green.
On the higher side now 11,400 strike holds a maximum open interest in calls which should act as an immediate hurdle for Nifty.
According to Prashanth Tapse, Surya Roshni, APL Apollo Tubes, Jindal Saw may benefit. Read on to find out which stocks other experts picked
Experts point out select mid and smallcaps look good for medium to long term horizon. They name about 20 favourite stocks
"ICICI Bank's valuations are attractive at current levels and it is among our top picks in sector," Jefferies said.
