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
Apollo Hospitals Enterprise formed long bullish candlestick pattern on the daily charts with strong volumes. Further, the stock has seen a breakout of falling resistance trendline adjoining multiple touchpoints.
Birla Corporation shares rallied 7 percent to Rs 1,092, the highest closing level since September 20 last year and formed robust bullish candlestick pattern on the daily charts with significantly higher volumes. The stock has been making higher highs, higher lows for third consecutive session.
The 18,200-18,250 range could be crucial on the higher side which can take the index above 18,500-18,600 levels, but falling below 18,000 levels can drag the index up to 17,800, while 17,500 would be a critical hurdle going ahead, experts feel
CARE Ratings which has seen a strong gap up opening and closed with 15.2 percent gains at Rs 478, the highest level since June 1, amid robust volumes. The stock has been respecting its support trendline for more than 15 months now, which is tad above Rs 400 levels, marked from March 31, 2021.
Vinay Rajani of HDFC Securities says they believe that the Nifty is in uptrend and dips should be utilised to create longs positions. Support for the Nifty is seen at 17,640. Upside targets for the Nifty are seen at 18,210 and 18,610
By providing attractive valuations, the COVID-19 pandemic seems to have offered an opportunity to investors who have been eyeing the mid and small-cap space to place their bets at significantly low risk, say experts.
The eastern market may come under severe pressure as the total capacity of around 8 MTPA is expected to be commissioned in 2021.
As per estimates of brokerage firm JM Financial, the consolidated volume growth for 14 listed companies was 5 percent year-on-year (YoY) in the September quarter of FY21.
In October itself, the benchmark indices gained around 4 percent, taking total gains to over 55 percent from March lows. The Nifty Midcap index, too, gained 55 percent while the Nifty Smallcap surged 75 percent.
Given the gradual unlocking of India, sectors which had left aside in previous rally have started participating in the current run up. Hence brokerage houses also initiated coverage with a buy call on several stocks.
As the uncertainty persists, a stock-specific approach is what one needs to follow in this market.
In the coming sessions, we believe that volatility may grip the markets but bias would remain bullish as far as Nifty is trading above 10,950
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Yes Securities also has a buy rating on the stock with a target of Rs 854, implying 110 percent potential upside from current levels as EBITDA was in line with the estimates.
Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel
The downside is more in the Bank Nifty, where during the last week it formed a bearish candlestick. The major support for Bank Nifty is around 30,200.
Nifty is currently trapped in a range of 120 points which is bounded by the 21 and 50-day exponential moving averages, which indicates range-bound trading in Indian indices.
A constant trade above 12,320 will extend the gains to levels of 12,370-12,400 which happens to be the upper end of the rising channel.
Nifty has formed opening bearish Marubozu candlestick pattern on the weekly timeframe that implies bearish sentiment. This month's pivot point is placed around 11,839 and S1 level is around 11,574
In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote, feels investors should now start adding top quality stocks to their portfolio at lower levels
Experts expect the market to hit newer highs but are concerned it is gradually getting overvalued and looking at similar valuations like it was at the start of 2018
Higher crude oil prices and the rupee’s weakness will continue to dampen sentiment putting pressure on the fiscal deficit and bond yields in the short term, Vikas Jain of Reliance Securities feels
“We believe, that the investor in the age bracket of 35-40 years should allocate at least 70-75 percent of his portfolio into equities/MFs, 20-25% in fixed income and the balance should be in cash,” Sandeep Chordia, Executive Vice-President - Strategy, Kotak Securities told Moneycontrol.
We expect Nifty EPS of FY18/19/20 to be 500/600/720 and expect it to scale 12,000 in FY19, says Sandeep Raina of Edelweiss Investment Research.