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
Aditya Birla Money‘s Hemant Thukral expects BHEL to revisit 200 day moving average (DMA) of Rs 216 in the next one week. He advises to keep a stop loss of Rs 196 on this stock.
Manoj Murlidharan Vayalar of IIFL is of the view that, Bharat Heavy Electricals (BHEL) is expected to rally towards Rs 211.
Arunesh Madan of Augment Investment recommends selling Punjab National Bank at the current market price, while advices to buy Titan Industries in the region of Rs 296-299.
Sudarshan Sukhani of s2analytics.com advises to buy BHEL on decline. "Jaiprakash Associates has turned bearish, so the rallies have to be sold into," he adds.
BHEL can move to Rs 215-220 in next couple of months, says SP Tulsian of sptulsian.com.
According to Inderjeet Singh Bhatia of Macquarie Capital Securities, BHEL has still a lot of pain left in the stock. Therefore, he advises to stay away from the stock now.
Parag Doctor of Keynote Capital said one should wait for a breakout in BHEL above Rs 210-215 levels and then consider buying the stock, because that breakout would confirm bullishness in medium to long term, he added.
Ambareesh Baliga of Edelweiss Financial Services feels Bharat Heavy Electricals (BHEL) is still looking quite attractive.
According to Amit Trivedi of Investworks.in, one can sell Bharat Heavy Electricals (BHEL) 200 straddle at Rs 11 and put a stop loss at Rs 12.50.
SP Tulsian of sptulsian.com is bullish on Indraprastha Gas. He suggests going long at the current level of Rs 284 with a target of about Rs 300.
Jagannadham Thununguntla of SMC Global Securities has advised traders to sell Bharat Heavy Electricals (BHEL).
According to Sudarshan Sukhani of s2analytics.com, the higher high-higher lows pattern is now developing in BHEL that indicates a new uptrend has started.
Vishal Kshatriya of Edelweiss recommended going long in BHEL on a dip till Rs 200 with a target of Rs 215 and stopping loss at Rs 195.
Sudarshan Sukhani of s2analytics.com said BHEL was a buying opportunity. He also advised holding the stock.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money said he would keep a stop loss of Rs 194 in BHEL, with a target price of Rs 212-215 on the upside.
Amol Rao, Analyst, Anand Rathi Institutional Equities suggests to buy Bharat Heavy Electricals (BHEL) on the basis of current valuations.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Heavy Electrical (BHEL) on correction.
Manas Jaiswal of manasjaiswal.com is bullish on DLF & Bharat Heavy Electricals (BHEL). He has recommended buying these stocks.
SP Tulsian of sptulsian.com is bearish on oil marketing companies. "I am not keeping the positive view on all three oil marketing companies," he added.
According to Manoj Murlidharan Vayalar of IIFL one can buy Bharat Heavy Electricals (BHEL) at around Rs 188 with a target of Rs 196.
Sudarshan Sukhani of s2analytics.com is of the view that one can continue to hold BHEL with a target of Rs 270-280. The stock is now in some kind of an uptrend.
Manoj Murlidharan Vayalar, Associate Vice President-Derivatives, IIFL PReMIA is bullish on Godrej Industries and Petronet LNG. However, he advises one should sell BHEL with a stoploss of Rs 207.
One can buy BHEL and Asian Paints, says Sudarshan Sukhani of s2analytics.com. Asian Paints had a deep correction and that was good news because the correction is a buying opportunity. Now that correction is over. It is now moving up and showing strong momentum as of now for today, he adds.
SP Tulsian, sptulsian.com is betting on South Indian Bank and Alstom India. He feels both these have potential to fetch high returns. In case of South Indian Bank Tulsian believes the stock has bottomed out and can expect a price of Rs 32 in six months.
According to Jai Bala of cashthechaos.com, BHEL is likely to decline to about Rs 170 if it falls below Rs 189. He advised going short in stock.