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
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Dharmesh Shah of ICICI Direct.com Research is of the view that one may buy Pfizer with a target of Rs 2960.
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
Here is a list of top 12 wealth-creating ideas by experts with a time horizon of next 2-3 years.
On the weekly chart, the stock confirmed its breakout from the Bullish Cup & Handle pattern on Thursday. The volume activity too started accelerating which support our hypothesis, says Aditya Agarwal of Way2Wealth Brokers.
On the lower side, 10100 will act as a strong support and till the time index is holding above this level every meaningful correction is an opportunity to enter in the long position.
The technical indicators in Apollo Tyres such as RSI and MACD are also showing positive divergence at current level. Therefore, one can buy in the range of Rs 272-274 levels for the upside target of Rs 310-320 levels with a stop loss below Rs 255, says a report by SMC Global.
Traders need to keep a close eye how the market behaves during the first half of the forthcoming week. Ideally, at present, traders need to be prepared for both possibilities; a small relief rally or a continuation of the ongoing down move.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Motherson Sumi with a target of Rs 290.
Rajat Bose of rajatkbose.com recommends buying Apollo Tyres, SRF and Jet Airways.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
"The Nifty continues to trade below the long-term 200-day moving average and rising support trend line originating from May 2017 and low of 9342 levels connecting lows of 9449 and 9688 which comes around 10180 levels, says Ashish Chaturmohta, Head Technical and Derivatives, Sanctum Wealth Management.
Ashish Kyal of Waves Strategy Advisors suggests buying Balkrishna Industries with a target of Rs 1192.
The range may continue while any sustained momentum for bulls will be above 10600 while below that we may see range play continue and would advise selling on the rise towards these levels.
Gaurang Shah of Geojit Financial Services is of the view that stay invested in Apollo Tyres.
According to Prakash Gaba of prakashgaba.com, one may hold Apollo Tyres.
Mitessh Thakkar of miteshthacker.com recommends selling Bosch with a stop loss of Rs 18,900 and target of Rs 18,200, Shree Cements with a stop loss of Rs 16,850 and target of Rs 16,000 and Zee Entertainment with a stop loss of Rs 576 for target of Rs 545.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Apollo Tyres and Mindtree and can sell Bank of India, DHFL, Axis Bank and M&M Financial Services.
Sudarshan Sukhani of s2analytics.com recommends buying Apollo Tyres, Ashok Leyland and Engineers India.
Amit Gupta of ICICIdirect is of the view that one can buy Cholamandalam Investment and Apollo Tyres.
Broadly post the recent fall in the market, the index is likely to trade in a range of 10,740-10,400 and consolidate around these levels.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can move to Rs 245 while M&M may test Rs 720.
“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Apollo Tyres, Infosys, L&T, Asian Paints and Ceat.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell UPL and Apollo Tyres and can buy Tata Consultancy Services.