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
Divis Laboratories continued to see healthy volumes for yet another session. It jumped 3.7 percent to Rs 3,385.8, the highest closing level since May 10 and formed long bullish candlestick pattern on the daily scale for second consecutive session.
Century Textiles has broken out from the symmetrical triangle on the weekly chart. Primary trend of the stock is positive as it is trading above 20 and 50 and 100 week moving averages.
The market, which snapped its eight-day winning streak on August 19, is in for a volatile run in the monthly expiry week
Bajaj Electricals shares rallied 6 percent to close at seven-month high of Rs 1,226.15 and has broken a long downward sloping resistance trend line (adjoining September 17, 2021 and August 8, 2022) with long bullish candlestick pattern formation along with strong volumes on the daily charts. Also it has given a Flag and Pole breakout on the daily charts, which is generally a positive indication.
Looking at the price action, Karan Pai of GEPL Capital believes that the 17,200 mark is going to act as a make-or-break level. If the prices manage to breach below the 17,200 mark we might see an acceleration in bearish momentum.
Kotak Mahindra Bank rose 5.26% to close at Rs 2,006, InterGlobe Aviation gained 11.02% and Tata Elxsi rose 6.50%. Read on to know what Himanshu Gupta of Globe Capital Markets advises investors should do with these stocks today.
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Experts say market has already run ahead of fundamentals and a correction is due
Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel
The BSE small-cap index added 1.13 percent, BSE large-cap index was up 0.27 percent and the BSE mid-cap index rose 0.29 percent while in the past week.
For next week, Nifty has strong support at 11,365-11,255 and resistance at 11,525-11,650 range, says Sumit Bilgaiyan
The daily 9-45 EMA on price has signaled a positive crossover which supports the bullish hypothesis.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 197 and target of Rs 212 and Tamil Nadu Newsprint with stop loss at Rs 265 and target of Rs 290.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
The approach of having a decent mix of debt and equity in one’s portfolio is an important thing to balance the repercussions arising out of unstable times.
A close above 10,930 has confirmed a breakout. If the same unfolds the way it should, then the Nifty is likely to rally another 300 points. This would help it break past its previous all-time highs.
Rajesh Agarwal of AUM Capital recommends buying Century Enka with stop loss at Rs 259 and target of Rs 272, Marico with stop loss at Rs 343 and target of Rs 360 and Bajaj Finance with stop loss at Rs 2390 and target of Rs 2450.
Rajesh Agarwal of AUM Capital recommends buying Havells India, Tata Motors and State Bank of India.
Vinay Rajani, Technical Analyst, PCG Desk at HDFC Securities recommends buying Thomas Cook with target at Rs 325 and stop loss at Rs 260 and a buy also on NRB Bearing with target at Rs 195 and stop loss at Rs 168.
The market's upward trajectory was in spite of volatility in stocks traded abroad and crude hitting multi-year highs, primarily because investors continued to be hopeful that earnings would keep getting better.
says Rajesh Agarwal AUM Capital.
We expect Nifty to extend the recent pullback rally up to 10,300. Midcaps could give nice short-term returns in this recovery.
The Nifty50 is expected to open higher on Tuesday following positive trend seen in other Asian markets and strong handover from Wall Street.
The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.