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
Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider.
The market may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
The consolidation with a negative bias is expected to persist in the upcoming sessions. Below are some short-term trading ideas to consider.
The market may consolidate further with a negative bias. Below are some short-term trading ideas to consider.
The market is expected to see more weakness in the upcoming sessions, given the dismal global cues. Below are some trading ideas for the near term.
The market is expected to consolidate further, with last week's low acting as support. Below are some trading ideas for the near term.
The bearish sentiment may persist as long as the market trades below all key moving averages. Below are some trading ideas for the near term.
As long as the Nifty 50 holds 24,800, the upward move towards the psychological 25,000 mark can't be ruled out, with 24,700-24,600 serving as immediate support. Here are some trading ideas for the near term.
The Nifty is likely to maintain an upward rally towards 24,900-25,000, with immediate support at 24,600-24,500 levels. Here are some trading ideas for the near term.
The index is likely to trade within the 24,000-24,500 range. Breaking the upper range may take it towards 24,800, and below 24,000, the 23,700 level is the one to watch. Here are some trading ideas for the near term.
On the lower side, 22,350-22,300 is the immediate key support for Nifty and as long as this holds, the chances of consolidation with positive is seen.
For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
ICICI Prudential Life has maintained its position above both the 12-week and 26-week exponential moving averages (EMA), further consolidating the bullish trend.
Looking ahead, there is potential for the Nifty to reach levels between 22,600 and 22,700 on the higher end.
Indian Hotels extended uptrend for third consecutive session after several days of consolidation. The stock has formed bullish candlestick pattern on the daily scale with above average volumes, and traded above all key moving averages.
The outlook for the Nifty index leans towards a bearish scenario. There is an expectation of further downward movement in the Nifty, potentially reaching down to the 18,460 level if it breaches the 18,830 support.
Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500
For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said
The stock’s 50-day exponential moving average crossed the 200-day EMA and has stayed above all key moving averages since the last week of May.
Tata Consumer Products which jumped 4.6 percent to Rs 732.5, the highest closing level since February 16. The stock has formed large bullish candlestick pattern on the daily charts with robust volumes, with getting back above 50-day EMA.
Oberoi Realty seems to be breaking out from a bullish Inverse Head and Shoulders pattern which emerged following a corrective move. The stock has crossed above the 200-DMA (daily moving average) which stands at Rs 876 and this DMA was almost acting as a proxy neckline for this formation.
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
The Nifty50 is expected to trade within the range of 17,300-17,800 in the short term, and if it decisively gives a close above the upper band of the said range, then there could be a move towards the psychological 18,000 mark, experts said
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility