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
Overall, the trend remains positive despite consolidation, and closing above Tuesday’s high is crucial for further upside. Below are some short-term trading ideas to consider.
Given the confluence of support levels from the 200DEMA and the Bullish Crab pattern, National Aluminium is poised for a potential bullish resurgence.
The trend is likely to remain positive, but consolidation cannot be ruled out until the benchmark indices decisively surpass the 50 percent Fibonacci retracement. Below are some trading ideas for the near term.
Experts expect the Nifty 50 to continue its upward journey towards the 24,700-24,800 zone, though some consolidation is likely. Above this range, the level to watch is 25,000, while on the downside, 24,300-24,200 is the key support area. Here are some trading ideas for the near term.
According to experts, the Nifty 50 needs to break its consolidation by decisively climbing above 24,400, which could open the doors for 24,700, while 24,100-24,000 is expected to be a key support zone. Here are some trading ideas for the near term.
Affle India has also seen a breakout of falling resistance trendline and formed long bullish candlestick pattern on the daily timeframe, with robust volumes.
AI is finding demand among various Indian companies for technology, sales, customer support and marketing. These stocks may gain from the artificial intelligence play.
Till the time the Nifty does not surpass the 19,550 – 19,600 level on a closing basis, one should avoid being complacent and ideally, it’s better to avoid aggressive trades, according to experts
Coal India has also seen a breakout of falling resistance trendline and formed robust bullish candlestick pattern on the daily scale, while the volumes remained strong for second consecutive session.