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
ONGC has seen a decent correction from the highs in last couple of months as the crude Oil prices have cooled off from their highs. However, the prices are now showing signs of some pullback move as it has given a breakout from a trendline resistance.
IDFC First Bank was the third largest gainer in the F&O segment, climbing 5.5 percent to Rs 46.05, the highest closing level since February 11. The stocks has seen a Bullish Engulfing candlestick pattern formation on the daily charts with above average volumes as the big bullish candle engulfed all three previous red candles, which generally indicates a bullish bias.
Greaves Cotton has seen good price volume action in the last 2 days and has breached above its 20-day SMA (Rs 170). One can continue holding the stock and expect upside towards Rs 225 followed by Rs 250 levels. Downside support for the stock is placed at Rs 170-175 zone.
The recent IL&FS fiasco and its adverse fallout on NBFC (non-banking financial companies) space is unlikely to reverse financial savings as a percentage of overall savings in India; it will continue to rise.
There was a lot of stock specific action in the small, mid and largecaps which kept traders busy in last week.
Rajesh Agarwal of AUM Capital recommends buying Kotak Mahindra Bank with target of Rs 1240 and stop loss at Rs 1185, a buy in Selan Exploration Technology with target at Rs 270 and stop loss at Rs 252 and a buy also on IRB Infrastructure Developers with target at Rs 295 and stop loss at Rs 272.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bombay Burmah Trading Corporation with a target of Rs 1780.
Rajat Bose of rajatkbose.com is of the view that one may pick BHEL, ICICI Bank, Power Grid and Whirlpool.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 shares his rationale behind being bullish on midcap steel stocks like Sarda Energy, Prakash Industries, Sunflag Iron etc. However, he does like JSW Steel from largecap space.
Rajat Bose of rajatkbose.com recommends buying ICICI Bank, State Bank of India and IPCA Laboratories.
Rajat Bose of rajatkbose.com is of the view that Selan Exploration may test Rs 177 and likes Larsen & Toubro.
Buy Selan Exploration, says Ashish Chugh, Investment Analyst & Author of Hidden Gems. The company is doing most of its production from a block called Bakrol, which is about 36 sq kilometer block. As of today, the total production is about two lakh barrels.
Investment Analyst and author of Hidden Gems Ashish Chugh is bullish on Selan Exploration and Swelect Energy Systems. He sees both the stocks having the potential to fetch better returns in times to come.
Selan Exploration Technology is looking attractive, says Hemang Jani, Sr Vice President, Sharekhan.
Selan Exploration Technology can test Rs 500, says Hemang Jani of Sharekhan.
Selan Exploration can touch Rs 415, says SP Tulsian, sptulsian.com.
Selan Exploration has target of Rs 350, says SP Tulsian of sptulsian.com
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Selan Exploration Technology has target of Rs 510, says Hemang Jani, Sr Vice President, Sharekhan.
Selan Exploration is going to be a potential multi-bagger, says Ashish Chugh, Investment Analyst & Author of Hidden Gems.