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
Mitessh Thakkar of mitesshthakkar.com suggests buying Bata India with a stop loss of Rs 1028 and target of Rs 1060 and Colgate Palmolive with a stop loss of Rs 1079 and target of Rs 1222.
traders should adopt a two-pronged strategy on this counter and buy at current prices and prepare to add further on dips between Rs 1,025 – 1,010 for an initial target of Rs 1,115, says Mazhar Mohammad of Chartviewindia.in.
Rajesh Agarwal of AUM Capital recommends buying Monte Carlo Fashions with stop loss at Rs 380 and target of Rs 400, Escorts with stop loss at Rs 694 and target of Rs 720 and Strides Pharma Science with stop loss at Rs 469 and target of Rs 505.
Being an election year, Ajay Jaiswal of Stewart & Mackertich Wealth Management believes a sharp upside cannot be ruled out in case the ruling Government once again manages to retain thumping mandate.
Crossover of important exponential moving average makes it an attractive buy for short term, says Manali Bhatia of Rudra Shares & Stock Brokers.
Manali Bhatia of Rudra Shares & Stock Brokers said for medium term, 10,000-9,950 is still a major support with more than 51 lakh contract of cumulative open interest
Looking at the above technical evidence, we are expecting a rally towards 10,600 – 10,700 in Nifty in coming months, said Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits with a stop loss of Rs 556, target of Rs 580, Arvind with a stop loss of Rs 340, target of Rs 357 and Hindustan Unilever with a stop loss of Rs 1580, target of Rs 1640.
Support for nifty is seen at 9,952 which is March 2018 low while further rise in volatility will cap any chances of bounce back in the market, says Ashish Chaturmohta of Sanctum Wealth Management
Sudarshan Sukhani of s2analytics.com suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
Mitessh Thakkar of mitesshthakkar.com suggests selling Bata India with a stop loss of Rs 910 and target of Rs 860 and advises buying Federal Bank with a stop loss of Rs 78.5 and target of Rs 86.
PE multiple is widely used as a valuation tool that helps in screening a stock on a relative basis.
Ashwani Gujral of ashwanigujral.com advises buying Adani Enterprises with a stoploss of Rs 148 and target of Rs 160.
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
Traders can buy the stock around current level and add on dips around Rs 855-858 with a stop loss below Rs 828, says Abhishek Mondal of Guiness Securities.
Immediate support is seen around 10,000 levels whereas 10,500 will act as a strong hurdle in the October expiry, says Abhishek Mondal of Guiness Securities
We advise investors to create fresh longs in the range of Rs 890-900, says Jayant Manglik of Religare Broking.
We recommend buying the stock at CMP for the target of Rs 970 and keeping a stop loss at Rs 844, says Vinay Rajani of HDFC Securities.
Sudarshan Sukhani of s2analytics.com recommends selling Can Fin Homes with stop loss at Rs 240 and target of Rs 218, Cummins India with stop loss at Rs 665 and target of Rs 635 and Sun TV with stop loss at Rs 625 and target of Rs 575.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1505 and target of Rs 1580 and HCL Technologies with stop loss at Rs 1070 and target of Rs 1100.
Traders can accumulate the stock in the range of Rs 930-910 for the target of Rs 845 with a stop loss above Rs 957, says Rupak De of Bonanza Portfolio.
Rupak De of Bonanza Portfolio said 11,000 may act as an immediate resistance, and if the index manages to trade above 11,000 then we may see a rally towards 11,200 levels.
Rajesh Agarwal of AUM Capital recommends buying National Aluminium Company with stop loss at Rs 65 and target of Rs 75 and Vedanta with stop loss at Rs 232 and target of Rs 250.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries with a stop loss of Rs 1239 and target of Rs 1282 and Bata India with a stop loss of Rs 974 and target of Rs 1000 while he advises selling CESC with a stop loss of Rs 891 and target of Rs 840.
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