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 Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
One can add longs in HDFC Bank in the zone of Rs 1,400-1,425 for upside target of Rs 1,500 and stop-loss would be placed near Rs 1,368 on daily close basis.
Looking ahead to the current week for Nifty, it's crucial for traders to closely monitor the 21,500 level, which is identified as a significant support level.
Based on the data, we don't anticipate any major cracks in the market. However, if there is a significant cut, the markets may not be able to sustain at the lower levels.
NALCO formed bullish candlestick pattern on the daily charts, with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA - exponential moving average), which is a positive sign.
Expert anticipates a strong rebound in the Nifty Bank index during the February 2024 derivative series if the 45,000–44,000 support holds.
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.
The undertone seems upbeat with ‘buy on dip’ being the most suitable approach.
The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said
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
Mahindra CIE Automotive was also in action, climbing nearly 6 percent to end at record closing high of Rs 377 and formed long bullish candle on the daily charts with robust volumes, making higher high higher low for second consecutive session.
Stocks that were in action included Rain Industries which jumped 8.6 percent to Rs 191.35, the highest closing level since April 11, continuing uptrend for fourth consecutive session. The stock has formed bullish candle on the daily charts with significantly higher volumes
On the weekly chart, Kajaria Ceramics has confirmed “multiple resistance" breakout at Rs 1,100 levels. This breakout is accompanied with huge volume spurt indicating increased participation at breakout zone.
On the daily chart, Balaji Amines has confirmed a decisive breakout with gargantuan volumes and in the process, we can even see it traversing the '200-SMA' placed around Rs 3,200.
What a fantastic setup we are having in Rail Industries, precise Bullish Butterfly pattern on daily chart with pair of spinning bottom near potential reversal zone of Rs 165-170.
Mahindra Holidays seems to have registered a consolidation breakout on huge volumes after remaining sideways for almost 9 weeks. Hence, sustaining above Rs 213 levels it can head higher to test its interim top of Rs 267 registered in the month of November 2021.
Here's what Jigar S Patel of Anand Rathi Shares & Stock Brokers recommends investors should do with these stocks when the market resumes trading today.
Here's what Ruchit Jain of 5paisa.com, recommends investors should do with these stocks when the market resumes trading today.
The key support levels to watch out for in the short-term are 14,635 (weekly low), followed by 14,297 (61.8 percent retracement level of the rise from 13,596-15,431).
For the week, we expect Bank Nifty to trade in the range of 33,600-31,300 with mixed bias.
Other multibagger stocks which corrected in double-digits in 2018 include names like Dilip Buildcon, Adani Transmission, Avanti Feeds, Future Consumer and Jaiprakash Associates
The scrip formed a solid bearish candlestick pattern on its weekly price chart after breaching below important level indicating a sustained pressure, says Dinesh Rohira of 5nance.com..
We expect the Nifty to remain rangebound on a weekly basis, with the upside and downside capped at 10,790 and 10,570 levels, respectively.
The scrip formed a solid bearish candlestick pattern on its daily price chart after breaching below its 20-50-days EMA level indicating a sustained pressure, says Dinesh Rohira of 5nance.com.
We have collated a list of 12 stock strategies that investors could deploy ahead of the Karnataka election verdict on Tuesday.