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
After recent consolidation, Suzlon Energy picked up the momentum and has formed bullish candlestick pattern with long lower shadow on the daily charts, indicating buying interest at lower levels.
With the recent upward journey, Hero MotoCorp went closer to its high of February 2021 (Rs 3,629). The stock formed strong bullish candlestick pattern with minute upper shadow on the daily scale with healthy volumes.
Looking ahead, the Nifty50 may continue to follow a bearish trend as long as it remains below 19,500, with initial support likely around 19,330.
Quess Corp rose 4.7 percent to Rs 420.80 and formed long bullish candlestick pattern on the daily timeframe with above average volumes, continuing uptrend for second straight session, after consistent downtrend in previous 10 days in a row.
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.
Suzlon Energy has formed Bullish Harami kind of pattern on the daily charts and rallied nearly 5 percent to Rs 14. The stock has been in an uptrend after the golden crossover with 50-day EMA crossing the 200-day EMA on May 24.
Yes Bank was also in action, rising third of a percent to Rs 17.50, the highest closing level since September 12 this year and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of downward sloping resistance trendline adjoining September 9 and November 28 this year.
The BSE small-cap index added 1.13 percent, BSE large-cap index was up 0.27 percent and the BSE mid-cap index rose 0.29 percent while in the past week.
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
Reliance Securities’ Rajeev Srivastava advises investors to invest in quality stocks, which are less vulnerable to macro concerns and have healthy cash flow visibility
Shahina Mukadam, Independent Market Expert advises exiting Suzlon Energy.
As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
IDFC Securities has Outperform call on Tata Steel with a target price at Rs 873 per share, saying the strategy to create a long-term JV with Thyssenkrupp is a long-term positive.
Avinnash Gorakssakar, Market Expert is of the view that one may prefer KEC International.
CA Rudramurthy BV, Research Head at Vachana Investments recommends buying Aurobindo Pharma, Wockhardt and Suzlon Energy.
News reports suggest projects of about 4500 MW could be awarded over the next four months, which is quite significant given market estimates of mere 1500 MW addition this year.
CA Rudramurthy BV, Research Head at Vachana Investments is of the view that one may buy JSPL, Suzlon Energy and JSW Energy.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell HCC, Suzlon Energy, BHEL and PNB and buy Century Textiles.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, L&T Finance Holdings and ICICI Prudential Life Insurance.
According to CA Rudramurthy BV of Vachana Investments, one can buy Voltas and Bata India and sell Suzlon Energy.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, SRF and Shree Renuka Sugars.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBCC, Suprajit Engineering and L&T Finance Holdings.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertiliser, Ramco System and Mahindra & Mahindra.
Sandeep Wagle of powermywealth.com suggests booking profit in Suzlon Energy and Torrent Pharma.