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 see some consolidation in the upcoming sessions after the recent sharp downmove. Below are some short-term trading ideas to consider.
The consolidation is expected to continue as long as the frontline indices trade below all key moving averages. Below are some trading ideas for the near term.
The consolidation is likely to continue until the benchmark indices decisively break the tight range of the past four days on either side. Below are some trading ideas for the near term.
Volatility is expected to continue in the market, with support at the current week's low. Below are some trading ideas for the near term.
Overall sentiment remains weak, but given the somewhat oversold conditions, a bounce back cannot be ruled out early next week. Below are some trading ideas for the near term.
Hariom Pipe Industries is in a classical uptrend and forming higher highs and higher lows on the daily chart. The structure of the counter is lucrative, as it is trading above each of its significant moving averages. It also witnessed breakout of a channel formation on the longer timeframe.
Speciality Restaurants has broken a horizontal trend line resistance on the daily chart and has a strong bullish setup. It has retested its previous breakout level of Rs 240 after hitting a fresh all-time high.
CA Rudramurthy of Vachana Investments advises buying Anant Raj, LT Foods and Jet Airways.
Rajat Bose of rajatkbose.com is of the view that Anant Raj may test Rs 75.
Gaurav Ratnaparkhi of Sharekhan recommends buying Century Textiles with a stoploss at Rs 1370 and target of Rs 1475 and a buy on Apollo Tyres with a stoploss at Rs 261 and target of Rs 285.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bombay Burmah Trading Corporation with a target of Rs 1780.
Rakesh Bansal of RK Global advises buying Anant Raj with a target of Rs 74.
Rakesh Bansal of RK Global is of the view that one may buy Bharat Forge with a target of Rs 1197.
Sumeet Jain of Destimoney Securities advises buying DCB Bank with a target of Rs 209.
Mitessh Thakkar of mitesshthakkar.com suggests selling Jubilant Food, Torrent Pharma and CCL products and advises buying Anant Raj Industries.
Vishvesh Chauhan of Monarch Networth Capital advises buying NCC with a target of Rs 107.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Arvind, Eicher Motors and Anant Raj and sell ITC and Jubilant Foodworks.
Ashwani Gujral of ashwanigujral.com recommends buying Anant Raj, Chambal Fertilisers, Vijaya Bank, CESC and Prism Cement.
Ashwani Gujral of ashwanigujral.com recommends buying MothersonSumi Systems, Anant Raj and Oriental Bank of Commerce.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial, Anant Raj Industries, Muthoot Finance, IIFL Holdings and Gujarat State Petronet.
Rakesh Bansal of RK Global is of the view that one may buy BEML with a target of Rs 1313 and NCC with a target of Rs 91.
Jay Thakkar of Sharekhan is of the view that one may buy Anant Raj with a target of Rs 45.40.
Sumeet Jain of Destimoney Securities is of the view that one may sell DCB Bank with a target of Rs 113.
Ruchit Jain of Angel Broking recommends buying Cox & Kings with target of Rs 214 and IPCA Labs with target of Rs 604.
Krish Subramanyam of Altamount Capital is of the view that one can buy PTC India, Reliance Communications and Anant Raj.