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
Primary trend of Marico has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
Primary trend of CCL Products has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants
In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area
The banking index remains in a buy-on-dip mode as long as the mentioned support levels are held. The momentum oscillators are in the buy zone which will confirm the strength of the index.
On a daily chart, Apollo Hospitals Enterprises is trading in bullish territory after the breakout of the Falling channel and again reclaim the upper band of the pattern, which indicates upward direction in the stock for the short to medium term.
Bharat Electronics has recently consolidated within a range which seems to be a time-wise correction within an uptrend. The consolidation has led to the formation of a ‘Symmetrical Triangle’ pattern on the daily chart and prices have given a breakout from the pattern
After a short-term correction, Dr Reddy's Laboratories has formed higher bottom reversal formation. The stock is consistently taking support near the 50 and 20 day SMA (Rs 4,192, Rs 4,227)
Although the trend continues to be positive, the oscillators are deeply overbought and hence the risk reward ratio for fresh buying is not favourable for Vaishali Pharma.
With the possibility of escalation in tensions in Eastern Europe due to the Russia-Ukraine war keeping investors edgy, the brokerage firm says healthy earnings visibility can act as a cushion
Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.
If Nifty surrenders its 200-DMA (16,877) then things may become ugly where 16,400-16,000 are the next important support levels, says Santosh Meena of Swastika Investmart.
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Trade Spotlight | Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
The Nifty50 is expected to be in the range of 17,500-18,000. Only a break above 18,000 will increase momentum on the upside and trigger fresh buying, says Malay Thakkar
Sameet Chavan of Angel One says Traders should trade with a positive bias as long as the index remains above 17,000–16,800
Here's what Rajesh Palviya of Axis Securities, recommends investors should do with these stocks when the market resumes trading today.
A sustainable move below 17,700 (which seems likely) would activate the pattern and as a result of this, we could see a fresh leg of correction in coming days, says Sameet Chavan of Angel One.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Nifty could be rangebound between 18,200 and 17,600 levels. It has a resistance placed at 18,200 followed by 18,345 and 18,604, says Vidnyan Sawant of GEPL Capital.
Here's what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today.
The stock has gained 107 percent year-to-date in 2021 against the BSE Sensex and Midcap indices that gained 22 percent and 36 percent, respectively. It can still give 10% more in near term. Strong operational performance by the company in the last few quarters, government focus on health infrastructure major factors. The stock has gained 107 percent year-to-date in 2021 against the BSE Sensex and Midcap indices that gained 22 percent and 36 percent, respectively. It can still give 10% more in near term. Strong operational performance by the company in the last few quarters, government focus on health infrastructure major factors.
Some private hospital stocks that can be in focus today include Apollo Hospitals, Fortis Healthcare, Max Healthcare Institute, Narayana Hrudayalaya, Shalby
MACD plotted on the weekly timeframe can be seen forming a bearish crossover and is moving towards the zero line, indicating the strong bullish trend has halted for the time being.
The index is trading near 261.8 percent Fibonacci projected level, based on the previous week's trading range, suggesting that bears might take a breather.