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 maintain bullish momentum after surpassing the August swing high. Below are some short-term trading ideas to consider.
The frontline indices are expected to continue trading within the previous week's range. Below are some short-term trading ideas to consider.
The consolidation and rangebound trading may continue in the near term. Below are some trading ideas for the near term.
The market may extend its northward journey, but elevated volatility may keep bulls cautious. Below are some trading ideas for the near term.
Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
Indicators have lost the momentum and moving downwards for the index on the daily chart and therefore it would be advisable to take aggressive longs only above the crucial resistance of 22,000-22,100 in the Nifty.
Bandhan Bank has gained strength after consolidation in the recent past and went very close to the September swing high. The stock formed healthy bullish candlestick pattern on the daily timeframe with significantly higher volumes.
Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
Eicher Motors has violated the crucial support of Rs 3,090 on closing basis. It took resistance at 200-day SMA in the recent pullback and resumed down trend.
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
The trend will likely remain positive as long as the Nifty stays above 17,700
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.
Indicators and oscillators like RSI, DMI and MACD have been showing strength in the current up move in Bandhan Bank. The relative strength of the stock is high as compared to other banking stocks
Despite a weakening macro environment, Nomura thinks micro factors remain intact for microfinance institutions and sees upside risks to earnings estimates (around 10 percent ahead on consensus PAT for FY23/24)
The price behaviour of Bandhan Bank for the last few trading sessions is hinting that this scrip is on a sustainable pullback mode. Moreover, the last 50 weeks of price behaviour is hinting that this counter is moving in some form of a downsloping channel.
On the upside, for the Nifty, 17,450 is an immediate and important resistance level which is a cluster of 50 and 20-DMA while 100-DMA of 17,630 will be the next hurdle, says Santosh Meena of Swastika Investmart.
Here's what Malay Thakkar of GEPL Capital, suggests investors possessing these stocks when the market resumes trading today
Here's what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today.
One can expect the index to move in a range between the 17,300-18,000 levels, as long as the prices do not break above the 18,000 level, says Karan Pai of GEPL Capital.
Nifty is possibly headed towards the strong support zone of 20-week EMA and 89-day EMA of 13,200 – 13,000.
Over the last five years, private sector banks have rapidly gained market share to around 30 percent (2020) from around 18 percent (2015).
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
In the previous week, Nifty formed a bearish ABCD harmonic pattern on the daily chart which was placed around 12,800 levels.
Generally, it is believed muhurat trading brings prosperity and wealth throughout the year. It takes place on the Laxmi Pujan day for an hour in the evening.