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 Nifty 50 is likely to consolidate with immediate resistance at 24,200 and support at 24,000. Here are some trading ideas for the near term.
The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.
Aditya Birla Fashion & Retail has seen a nice breakout of consolidation and maintained upward sloping support trendline. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said
Bank of Baroda is trading within the big symmetrical triangle, which adjoins major swing highs and lows since December 2022. The stock is on the verge of breaking out from the symmetrical triangle.
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long-term moving averages.
The ongoing sideways trend may persist until there is a decisive breakout above the 17,250 resistance level.
The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area
MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend.
Considering the recent price action, traders are advised not to carry aggressive overnight bets for a while and should adapt the strategy to follow one step at a time and respect levels on either side.
SAIL has witnessed a falling wedge breakout on the higher side and closed convincingly above its support zone. It formed a bullish engulfing candlestick on the weekly scale and since then, prices haven't tested the lower band of the pattern.
Max Financial Services has witnessed a falling trend line breakout on the higher side and closed convincingly above its support zone and formed a bullish Engulfing candle stick pattern on the weekly scale.
ICICI Direct says the market correction is an opportunity for investors to add companies with sustainable growth visibility
Here's what Mazhar Mohammad of Chartviewindia, recommends investors should do with these stocks when the market resumes trading today.
ABFRL is well-positioned to capitalise on improving demand recovery trends. However, a potential third Covid wave hitting the country poses a risk to demand
Experts advise investors to stay light and avoid bottom-fishing for a while as the market is a bit oversold
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 current trend suggests bull run in the market is most likely to continue as the index has given breakout in the broader timeframes
After four days of the minor consolidation, Bank Nifty witnessed a breakout of the range and registered its lifetime high in the initial trading hours.
As of December 28 close, the BSE Sensex is up about 15 percent while the BSE Midcap index has gained 19 percent and the Smallcap index 31 percent in the calendar year 2020.
The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .
Now Nifty would face a strong hurdle at 10,500-10,550 zone as the 200-days exponential moving average is placed on daily charts.
The road ahead for the market is bumpy and a lot will depend on the course of coronavirus pandemic. Moreover, global cues and measures of governments and central banks will remain important factors for the market.
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