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 market is expected to remain rangebound until it decisively rebounds and sustains above the 200-day SMA. Below are some trading ideas for the near term.
International natural rubber prices have witnessed sharp uptick of nearly 28 percent over the past two months on concerns around global natural rubber supply shortage.
Jubilant Ingrevia, Vishnu Prakash R Punglia, Piramal Enterprises, Balkrishna Industries, and Adani Ports and Special Economic Zone can also be on radar.
HDFC Bank has seen a decisive breakout of downward sloping resistance trendline adjoining highs of January 16 and March 7 and climbed above 10-day and 21-day EMAs (exponential moving averages).
Balkrishna Industries has seen a breakout of long horizontal resistance trendline adjoining highs of September 23, 2021 and January 11, 2024. The stock formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
Dr Lal PathLabs has maintained upward journey for third consecutive session, rising 4.8 percent to Rs 2,223 on Tuesday. In fact, it has given a close above 200-day EMA (exponential moving average - Rs 2,141), which is a positive sign.
Following the stock's decline to a low of Rs 1,908 levels in March, the price experienced a notable recovery, forming higher bottoms
Traders should keep focusing on stock-specific moves and should ideally remain light on positions till the time key indices consolidate in the recent congestion zone, Sameet Chavan of Angel One advised
There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said
The cooling off of metal prices was the biggest driver for the sector. Metal forms the major portion of auto companies' operating expenses
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
On indicator front, daily RSI, Container Corporation has formed double bottom near 30 levels along with implusive behaviour which means counter is ready for upside momentum. One should buy this counter in small tranche at current market price and another near Rs 600 with upside potential of Rs 700. Support can be expected near Rs 570.
After completing bullish ABCD Harmonic pattern near Rs 1,700 levels, Balkrishna Industries has continuously shown the strength and has taken an anchor support near its 100 – week exponential moving average on the weekly time frame.
On mid term charts, IRB Infrastructure is moving in an uptrend since March 2020. The stock has seen expansion in volumes with every price rise indicating participation in the counter. The stock has formed a CIP formation (Change in Polarity) at Rs 190 level and the stock is currently bouncing off the same levels.
Jai Corp has reached the momentum phase and could continue to add gains in the days to come. Stock has also broken out from the downward sloping trend line on the weekly charts.
ICICI Direct says the market correction is an opportunity for investors to add companies with sustainable growth visibility
Here's what Gaurav Sharma, AVP Research at Globe Capital Markets Ltd, recommends investors should do with these stocks when the market resumes trading today.
The key support for Nifty is at 15,700 – 15,550, whereas 15,850 –15,900 are immediate resistances.
On the put side, the 14,000 put contracts have the highest open interest. So, we can expect the range of the broader index to be 15,200-14,000 in the medium-term.
In Q2FY21, all the tryre companies registered strong EBITDA margins due to cost-cutting, scale benefits and lower commodity and raw material prices.
Since FY17, the market's performance was mostly driven by a handful of stocks, as broader indices underperformed significantly.
The Nifty can continue trading in the 11,790-12,018 range with a positive bias and a level of 12,180 can be expected if the range breaks on the upside.
The surge in coronavirus infections, an acrimonious buildup to US elections and geopolitical reasons will keep volatility high that can act as a spoilsport, say experts.
IT and pharma are preferred themes by experts after June quarter earnings
Various measure taken by the government and ‘unlocking ‘ of the economic activity has made brokerages confident of an economic recovery and they have been upgrading stocks.