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 sentiment remains bearish, but considering the severe fall last week, consolidation and range-bound trade are possible. Below are some trading ideas for the near term.
The market may try to rebound on the first day of the December series, but sustainability is the key factor to watch. Below are some trading ideas for the near term.
The market may extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
The consolidation may continue in the market, with a focus on the "sell on rally" strategy, considering the bearish sentiment. Below are some trading ideas for the near term.
Overall, the market trend is expected to remain positive despite occasional consolidation. Here are some trading ideas for the near term.
The FIIs long-short ratio in index futures, at around 32 percent, suggests an oversold market nearing a potential rebound.
Aegis Logistics extended upward journey for fourth consecutive session, and formed bullish candlestick pattern with upper and lower shadow on the daily timeframe, indicating volatility in the counter.
Over the short term, the Nifty 50 may trend towards 22,650. Support is positioned at 22,350 on the lower end.
Aegis Logistics saw a strong breakout after recent consolidation, and formed robust bullish candlestick pattern on the daily charts with significantly higher volumes. The stock traded above all key moving averages, which is a positive sign.
In terms of levels, immediate resistance is identified at 22,530, a level of significant importance on higher time frames, with further resistance seen at 22,800 followed by 23,170 for the Nifty.
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.
Looking ahead, while there might be another shake-off in the market in the near term, investors could view this as an opportunity to initiate fresh long positions.
Aster DM Healthcare formed bullish candlestick pattern with upper shadow on the daily charts. The volume was above average and the stock traded above all key moving averages.
Given the current chart structure, short-term volatility is anticipated. The recommendation is to consider buying Nifty 50 near the support zone of 21,550 – 21,500, targeting an upside potential ranging from 22,126 to 22,500 levels.
Aegis Logistics formed strong Bullish Engulfing candlestick pattern on the daily charts, which is a bullish reversal pattern forming at the downtrend. The stock traded above all key moving averages, with strong volumes.
JSW Energy has seen a consolidation breakout and formed long bullish candlestick pattern on the daily scale with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA), which is a positive sign.
CDSL formed long bullish candlestick pattern on the daily timeframe with healthy volumes. The stock traded far above key moving averages, with momentum indicator RSI (relative strength index) at 80 levels, indicating overbought zone.
Aegis Logistics rallied 7.6 percent to Rs 353 and formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock closed above 50-day EMA (Rs 351) as well as 200-day EMA (Rs 338) in a single session after a consolidation breakout.