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 is expected to weaken further given that the index traded below short-term moving averages. Below are some short-term trading ideas to consider.
Despite weak market breadth, the market is expected to remain bullish, supported by healthy momentum and strong technical indicators. Below are some short-term trading ideas to consider.
The market is expected to remain in positive terrain, supported by strength in technical and momentum indicators. Below are some short-term trading ideas to consider.
The market may turn positive amid rangebound trading. Below are some short-term trading ideas to consider.
Overall, the trend remains positive, though some profit booking and consolidation in the upcoming sessions can't be ruled out after the robust gains of the previous session. Below are some short-term trading ideas to consider.
Jubilant Ingrevia, Vishnu Prakash R Punglia, Piramal Enterprises, Balkrishna Industries, and Adani Ports and Special Economic Zone can also be on radar.
Looking ahead, if the Nifty moves above 24,860, it could potentially reach the significant milestone of 25,000 and possibly higher.
The overall market sentiment remains bullish, and considering the current levels, traders are advised to initiate fresh long positions.
Mazagon Dock Shipbuilders jumped more than 8 percent to end at record closing high of Rs 556.25, forming strong bullish candle on the daily charts with higher high higher low for fourth consecutive session. The stock gained 30 percent in these four days with above average volumes.
After a short-term correction, Dr Reddy's Laboratories has formed higher bottom reversal formation. The stock is consistently taking support near the 50 and 20 day SMA (Rs 4,192, Rs 4,227)
Traders with existing positions can continue to hold Apollo Tyres with a stop-loss placed below the swing low of Rs 191, and add on fresh positions above Rs 208 for a potential short term target around Rs 220.
Experts advise investors not to trade aggressively unless a convincing trend develops. Investors should keep track of global stock indices.
The lower high lower and low formation will be neglected only above 17,600 levels till then, this can be considered as a short-term pullback
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Although the trend has been extremely strong, we reiterate that one should avoid getting complacent at such elevated levels, says Sameet Chavan of Angel One.
Stocks like Adani Total Gas vaulted 334 percent in the calendar year till June 11. Shares of Adani Transmission, Adani Enterprises and Adani Power have jumped between 200 percent and 265 percent in the same period
Going ahead, 15,660 (June 1 high) will act as a key resistance level. If prices break above it, we may see the Nifty move higher towards 15,725.
The daily strength indicator RSI and the momentum indicator Stochastic both have turned bullish along with positive crossover which is a positive bias.
On the weekly chart, this current candle has engulfed its previous week's candle and if the index closes below 14,850, bearish engulfing will be formed on the weekly timeframe, which will be a negative signal.
Generally, it is believed muhurat trading brings prosperity and wealth throughout the year. It takes place on the Laxmi Pujan day for an hour in the evening.
The current movement is a typical behaviour of Wave III and it is an extended impulse wave which suggests the possibility of a strong up move towards 12,500 in the coming days.
On the downside, supports are far, in the band of 11,380-11,400 which is the last week's close and the band of averages.
As far as levels are concerned, 11,550-11,650 are likely to act as immediate hurdles; whereas on the lower side, 11,350-11,200 would work as a key support zone.
Majority of experts started advising clients to accumulate quality stocks in a gradual manner with a long term view
Mitesh Thakkar of miteshthakkar.com recommends buying Hindustan Unilever with stop loss at Rs 2100 and target of Rs 2300 and M&M Financial Services with stop loss at Rs 355 and target of Rs 385.