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
The improved sentiment may drive the market gradually toward the September high. Below are some short-term trading ideas to consider.
As long as the frontline indices defend the previous week's low, a gradual upward move is possible amid rangebound trading. Below are some short-term trading ideas to consider.
The continuation of the northward journey is possible only if the market posts a strong close above the 20-day EMA. Below are some short-term trading ideas to consider.
As long as the market defends the midline of Bollinger Bands, the trend may remain in favour of bulls despite Monday's profit booking. Below are some trading ideas for the near term.
The benchmark indices are expected to consolidate with a positive bias. Below are some trading ideas for the near term.
The market may extend its upward journey, but sustainability is the key to watch, given the elevated volatility. Below are some trading ideas for the near term.
The market is expected to remain range-bound with an overall negative bias until it decisively moves back above all key moving averages. Below are some trading ideas for the near term.
Bajaj Auto recorded healthy performance on all days in the past week, hitting a new closing high of Rs 8,879, and formed bullish candlestick pattern on the daily charts with healthy volumes.
Key support levels for the Nifty50 are anchored by a solid base at 19,480, marked by multiple touch points, followed by additional support zones at 19,200 and 19,000.
ITC has formed bullish candle on the daily charts with higher high formation for fourth straight session, with above average volumes for last several sessions. It has given a decent breakout of long downward sloping resistance trend line adjoining multiple touchpoints at higher levels (November 9, November 11 last year, and January 25, 2023).
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
After a recent low touched on June 20, the index has rallied nearly 11 percent and from March lows, it has risen more than 29 percent, which has been the highest among sectors. The rally has been on the back of a decline in metal prices, the key raw material used by the sector.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
The Nifty 50 lost 0.8 percent last week but stayed consistently above the crucial 17,000 mark as well as the 200-day moving average of about 17,030 in the past six straight sessions. The first half of this week will likely give a fair idea of the short-term direction
Commodities will be the biggest gainers and as long as the geopolitical heat continues, it will be the dominating market theme, Axis Securities said.
Indian two-wheeler companies are currently undergoing one of the worst down cycles in their history.
Trade Spotlight | Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today
A more-dovish-than-expected monetary policy by the central bank and the easing of Omicron concerns helped the bulls to retain control.
One needs to now start lightening up longs if Nifty extends the relief move in the coming sessions, says Sameet Chavan of Angel One.
Sameet Chavan of Angel One reiterates avoiding aggressive longs and even if one wants to follow stock specific moves, needs to be very selective.
Considering the recent behaviour of the market, it is pretty clear that the bulls are not willing to let loose their firm grip so easily, says Sameet Chavan of Angel One.
For Nifty, 17,500-17,450 zone would act as strong support while 17,850-17,950 zone will now be strong resistance, said Shitij Gandhi of SMC Global Securities.
The market is likely to continue its bull run, given the slew of growth-oriented measures taken by the government and RBI, though there could intermittent corrections, say experts.