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
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to consolidate further, although the overall trend remains positive. Below are some short-term trading ideas to consider.
Overall, the trend continues to favour the bulls, although some consolidation may occur following a two-week rally. Below are some short-term trading ideas to consider.
The sustainability of Friday's gains is the key factor to watch in the upcoming sessions, as the Iran-Israel conflict and global cues could lead to volatility and consolidation in near term. Below are some short-term trading ideas to consider.
The market is likely to maintain a positive bias in the upcoming session. Below are some short-term trading ideas to consider.
The market is expected to continue rangebound trading until the index decisively surpasses and sustains above the high of the month of May. Below are some short-term trading ideas to consider.
The 24,500 level is likely to be key resistance as long as the Nifty 50 holds 24,200 support, and above this, 24,800 is the level to watch. Here are some trading ideas for the near term.
Tata Power Company ended at new closing high of Rs 430, with above average volumes and formed bullish candlestick pattern on the daily charts, while it traded above all key moving averages.
Apollo Hospitals Enterprise has seen a strong consolidation breakout and formed long bullish candlestick pattern on the daily charts with above average volumes. The stock traded above all key moving averages.
For now, 21,900-21,850 is likely to cushion any short-term blip on the Nifty 50, with a major focus on the swing low of 21,700, breaching which disruption on chart structure could be seen in the current truncated week.
Experts expect the momentum to sustain in the coming weeks, too, with immediate resistance at 22,500-22,600, followed by the medium-term target of 23,000, provided it holds the upward sloping resistance trendline
Zydus Lifesciences formed strong bullish candlestick pattern on the daily charts, with robust volumes, while on the monthly basis, it has continued run up for fourth consecutive month.
Apollo Hospitals Enterprise formed long bullish candlestick pattern on the daily charts with strong volumes. Further, the stock has seen a breakout of falling resistance trendline adjoining multiple touchpoints.
The sacrosanct support for Nifty 50 is 21,500 for the upcoming week. On the flip side, 21,900-22,000 zone remains a daunting task for the bulls, followed by the sturdy hurdle of 22,100.
Sentiment could potentially deteriorate further if Nifty drops below 21,550, where the 21EMA is situated.
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
if the said level get decisively broken on the higher side, then 19,500-19,600 can't be ruled out, whereas on the lower side, 19,000-18,900 is likely to be a key support zone, experts said
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
Mahindra and Mahindra hit a record high and formed healthy bullish candlestick pattern on the daily scale with strong volumes after a consolidation breakout. The stock jumped 5 percent to Rs 1,549, while the stock surged 38 percent from March lows.
Experts expect the rally to continue in the coming sessions, with the Nifty 50 moving towards 19,100-19,200 levels, after which minor profit booking can't be ruled out.
Avenue Supermarts has seen a strong gap up opening and closing with 5.75 percent gains at Rs 3,918. The stock has formed robust bullish candlestick pattern on the daily scale with healthy volumes. It has seen a breakout of horizontal resistance trendline in the initial trade itself on Thursday.
The overall trend looks positive for the Nifty index. We expect the index to move higher till 18,887 followed by 19,055 levels in the coming future.
This week, 18,650-18,700 is expected to be a crucial hurdle and, if the index decisively surpasses this area, then 18,800-19,000 levels can't be ruled out
The entire Healthcare space has been buzzing and seems to be finding its mojo back. Along with pharmaceutical companies, ‘Apollo Hospitals’ too performed well throughout this week.
Redington shares jumped 5.6 percent to Rs 184, the highest closing level since February 6 and formed strong bullish candlestick pattern on the daily scale, with above average volumes. The stock has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints.