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 benchmark indices need to decisively close above the previous day's high for a further upward move; until then, consolidation may be seen. Below are some short-term trading ideas to conside.
The mood on Dalal Street is likely to remain optimistic in the upcoming sessions. Below are some trading ideas for the near term.
The consolidation and rangebound trading may continue in the near term. Below are some trading ideas for the near term.
The bullish bias is expected to sustain in the upcoming sessions. Below are some trading ideas for the near term.
The market may remain consolidative, with the continuation of the "sell on rally" strategy. Below are some trading ideas for the near term.
Moneycontrol collated a list of 9 budget-sensitive stocks from experts that can provide better returns in the short term.
The market is expected to sustain range-bound trading, and the elevated volatility signals caution for bulls. Below are some trading ideas for the near term.
The market is expected to be rangebound as long as it defends last week’s low in the upcoming sessions. Below are some trading ideas for the near term.
Jubilant Ingrevia, Vishnu Prakash R Punglia, Piramal Enterprises, Balkrishna Industries, and Adani Ports and Special Economic Zone can also be on radar.
It is advisable to consider buying opportunities in the Nifty at the current market price, targeting potential upside levels ranging from 22,775 to 23,170.
Bharat Dynamics decisively surpassed its previous record high of February 27 and ended at new closing high of Rs 2,046 with robust volumes. The stock has formed long bullish candlestick pattern on the daily timeframe.
Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark
Cummins India traded above all key moving averages. The stock has seen long bullish candlestick pattern formation on the daily charts with average volumes.
DLF stock is demonstrating a bullish trend, consistently forming higher highs and higher lows.
Indiabulls Real Estate saw a healthy breakout of downward sloping resistance trendline. The stock has formed strong bullish candlestick pattern on the daily scale and traded above all key moving averages.
Pidilite Industries has moved above its recent consolidation on the daily chart, suggesting a rise in optimism. Besides, the stock has moved above its short-term moving average (50-EMA - exponential moving average).
Trent had seen an ‘Impulsive’ upmove in the month of February which was followed by a consolidation phase in last one month. The prices have now given a breakout from this consolidation indicating a continuation of its short term uptrend.
Sonata Software after couple of days break rebounded sharply by more than 5 percent and formed long bullish candle on the daily charts with healthy volumes. The stock traded above all key moving averages, indicating positive mood among participants. Overall the stock has been in a momentum since the start of this calendar year.
The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said
Bharat Dynamics has given a falling trend line breakout with a rise in volumes on the daily chart. The momentum indicator RSI has also given a positive crossover which confirms the buy signal on the daily chart.
In the truncated week beginning today, the index may march towards its last week's high of 18,178, followed by 18,350 (the high of 2022). If the index manages to sustain these levels, then a record high of 18,604 can't be ruled out with strong support at 18,000-17,900 levels
Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days' negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 and July 12, 2022.
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
Indraprastha Gas climbed 7.5 percent to Rs 408.1, the highest closing level since January 21 and formed large bullish candle on the daily charts with strong volumes for third consecutive session, following high wave kind of candle formation.
"From an investor point of view, one can buy in small tranche of Sharda Cropchem at current levels and another tranche at Rs 660 for an expected upside till Rs 780 and plausible support is seen at Rs 640."