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 overall market sentiment remains bullish, and considering the current levels, traders are advised to initiate fresh long positions.
The phase of consolidation may last as long as the index trades below the 21,000 mark, with immediate support at 20,850 and crucial support at the 20,500-20,300 levels, but if the index decisively closes above 21,000, then 21,500 could be the possibility
Expert expects to see derating in smaller PSBs as the surge in other income, the primary driver of superior RoE (return on equity) in FY23 could be transient.
Nandish Shah expects market to remain bearish for the short term. Traders are advised to remain cautious till Nifty closes above 19,700 levels.
For now, one needs to stay very selective with stock preferences and avoid being aggressive in the markets.
Yes Bank has seen above average volumes for major part of sessions since the start of September month and also took a support at the long downward sloping resistance trendline, which is a positive sign.
Bank of Baroda shares climbed 4.6 percent to Rs 199.10, the highest closing level since August 21, 2015, and formed long bullish candlestick pattern on the daily timeframe for yet another session. The stock has made higher high, higher low formation, with above average volumes.
Bank of Baroda is trading within the big symmetrical triangle, which adjoins major swing highs and lows since December 2022. The stock is on the verge of breaking out from the symmetrical triangle.
The 17,600 level is expected to be crucial for further direction of the Nifty50 going forward and, if the index manages to hold the 17,500-17,600 area, then 18,000 can be a possibility in coming sessions, experts said
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long-term moving averages.
Macrotech Developers shares rallied 5 percent to Rs 1,084 and formed strong bullish candle on the daily charts with above average volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining July 28 and December 12 this year.
Rising cases of Covid infection in several countries, fear of further tightening of key policy rates by the Federal Reserve, and a growth threat of recession-like situation pose challenges for markets around the world
As markets salute the central bank, we decided to come up with rate-sensitive stocks that experts say can return up to 26 percent over the next 3-6 months
Granules India witnessed positive divergence between the prices and RSI indicator. The divergence is followed by breakout in RSI as well which indicates a strong momentum in the stock prices.
We have collated a list of rate-sensitive stocks that experts say can give 6-20 percent return over the next 3-4 weeks. Returns are calculated based on the closing price of June 7:
Moneycontrol has collated a list of rate-sensitive stocks that may be a good buy at current levels or on dips from a 2-3 weeks' perspective. Returns are calculated based on April 7 closing price.
"Bank of Baroda is outperforming the PSU banking index where it has witnessed a breakout of a bullish Inverse Head and Shoulder formation, to resume its bullish momentum."
Until the decisive breakout is not seen on the Nifty, one should expect a rangebound movement and focus on stock-specific action, Sameet Chavan of Angel One advised
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Nifty is currently heading lower towards 18,000-17,900 and this zone will act as a key support. If this level is breached, the index can move even lower towards 17,600, said Karan Pai of GEPL Capital.
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.
The country's largest lender State Bank of India is one of the top picks in the PSU banking space, which experts say can beat private banks
The market can expect more earnings upgrades if the strong corporate earnings reported in the March quarter are followed by quick winding of restrictions in various states and faster revival of the economy.