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
Volatility is likely to increase further as we approach Interim Budget, suggest experts and investors should be prepared for sudden movements on either side
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens with a stop loss of Rs 1020, target of Rs 1075, Can Fin Homes with a stop loss of Rs 284, target of Rs 298 and Bajaj Finserv with a stop loss of Rs 6400, target of Rs 6550.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Bharat Forge with a target Rs 480.
Kotak advises buying Adani Ports with a target price at Rs 390 as it believes that the company is better placed to benefit from the uptick in gateway and transshipment volumes
Along with strong volume growth, the scrip also formed a bullish candlestick pattern on its weekly price chart, says Dinesh Rohira of 5nance.com.
Technical experts feel that the week is likely to remain volatile due to November F&O expiry, but bulls will be able to take control only if Nifty closes above 10,700-level and 200-DMA.
On the weekly price chart, the Nifty index formed a solid bearish candlestick pattern coupled with the small bearish pattern on its daily price chart and therefore indicating a negative trajectory.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 552 and target of Rs 567, Indoco Remedies with stop loss at Rs 194 and target of Rs 210 and Adani Gas with stop loss at Rs 105 and target of Rs 120.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
Use the dips in the market to accumulate or buy into quality stocks.
Rajesh Agarwal of AUM Capital recommends buying Cholamandalam Investment with stop loss at Rs 1039 and target of Rs 1100, Adani Ports with stop loss at Rs 309 and target of Rs 330 and GSFC with stop loss at Rs 85 and target of Rs 94.
Projections indicate that Bank Nifty has the potential to decline towards 24,000 levels on the downside while 25200 is going to act as a strong resistance.
Traders can accumulate the stock in the range of Rs 327-332 for the target of Rs 357 and a stop loss below Rs 316, says Rupak De of Bonanza Portfolio.
Rupak De of Bonanza Portfolio said 11,000 may act as an immediate resistance, and if the index manages to trade above 11,000 then we may see a rally towards 11,200 levels.
Rajesh Agarwal of AUM Capital recommends buying National Aluminium Company with stop loss at Rs 65 and target of Rs 75 and Vedanta with stop loss at Rs 232 and target of Rs 250.
Mitessh Thakkar of mitesshthakkar.com suggests selling Coal India with a stop loss of Rs 271 and target of Rs 255 and advises buying Havells India around Rs 585, with stop loss of Rs 572 for target of Rs 612.
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
To ride the momentum which is on an upside, the brokerage house recommends investors to add companies which are exhibiting improvement in earnings and showcasing strong volume growth.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.
We advise traders to accumulate the stock in the range of Rs 378-382.
Though we’re seeing an early sign of bottoming out on the broader front but it’s advisable to remain extra cautious in midcap and smallcap space and avoid the temptation to fall for penny stocks
Temasek Holdings was among large institutional buyers in the recent promoter stake sale.