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
Moneycontrol collated top 9 rate-sensitive stocks from experts to accumulate after the RBI policy decision:.
The market is expected to weaken further given that the index traded below short-term moving averages. Below are some short-term trading ideas to consider.
The market is expected to gain further strength only if it decisively climbs above the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
The market is expected to remain directionless in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to remain in positive territory amid consolidation. Below are some trading ideas for the near term.
The market trend is expected to remain positive amid consolidation. Below are some trading ideas for the near term.
The Nifty is anticipated to find long-term support at 21,700 followed by 21,600 levels.
After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
Indian Hotels has been in a strong uptrend, reporting higher highs, higher lows formation since October last year. The stock formed strong bullish candlestick pattern on the daily charts with above average volumes.
Jindal Steel & Power formed strong bullish candlestick pattern on the daily timeframe with healthy volumes. The stock remained above all key moving averages which is a positive sign.
Apollo Tyres surpassed its previous record high (touched in August this year) and hit a new high of Rs 445.80 intraday on last Friday after decisively breakout of falling resistance trendline.
Triveni Engineering & Industries has seen a strong gap up opening and formed bullish candlestick pattern with long upper shadow on the daily charts. It has seen smart breakout of consolidation range since December 2022, and closed more than 4 percent higher at Rs 317.