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 anticipated to sustain its upward bias in the forthcoming sessions. Here are some trading ideas for the near term.
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
In terms of levels, immediate resistance for Nifty is noted at 22,900, followed by further resistance at 23,170 and 23,400. Conversely, crucial support levels are identified at 22,500 and 22,300.
IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.
Oberoi Realty has seen a consolidation breakout. The stock has formed bullish candlestick pattern on the daily charts with above average volumes, and now traded above all key moving averages.
Karur Vysya Bank has taken a support at 50-day EMA for second straight session. The stock fell 16 percent from its all-time high before showing the current recovery. It has formed long bullish candlestick pattern on the daily charts.
If the Nifty 50 breaks the low of this month around 21,300, the crucial support, then further correction towards 21,000 mark can't be ruled out, while 21,850 will be crucial for further upside in the 'sell on rally' market, experts said
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
Till the Nifty50 firmly withholds the pivotal support of 19,500, there is no sign of caution in the market