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
Traders can accumulate the stock in a range of Rs 555-565 for the upside target of Rs 612 levels and a stop loss below Rs 520, says Shitij Gandhi of SMC Global Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585, Berger Paints with a stop loss of Rs 322.5 and target of Rs 340 and Indian Bank with a stop loss of Rs 238.5 and target of Rs 255.
Mitessh Thakkar of mitesshthakkar.com recommends buying Wipro with a stop loss of Rs 332 and target of Rs 356, Capital First with a stop loss of Rs 534 and target of Rs 570 and Ujjivan Financial Services around Rs 240 with stop loss of Rs 234 for target of Rs 255.
Mitessh Thakkar of mitesshthakkar.com suggests buying India Cements with a stop loss of Rs 95 and target of Rs 103, Lupin with a stop loss of Rs 882 and target of Rs 945 and DCB Bank with a stop loss of Rs 157.5 and target of Rs 169.
The weekly and daily strength indicator RSI and the momentum indicator Stochastic both have given positive crossover which supports upside momentum to continue in near term, says Rajesh Palviya of Axis Securities.
Technical experts feel that the week is likely to remain volatile due to November F&O expiry, but bulls will be able to take control only if Nifty closes above 10,700-level and 200-DMA.
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
The trend reversal point for Nifty is seen on close above 10,595 which is 23.6 percent retracement of 26th February to 28th August 2018 up move
Sudarshan Sukhani of s2analytics.com suggests buying Apollo Hospitals with stop loss at Rs 1070 and target of Rs 1120, Aurobindo Pharma with stop loss at Rs 740 and target of Rs 794 and Tata Consultancy Services with stop loss at Rs 2050 and target of Rs 2200.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1505 and target of Rs 1580 and HCL Technologies with stop loss at Rs 1070 and target of Rs 1100.
Tight liquidity conditions combined with specific credit issues (IL&FS) led to a big reset for NBFCs as well as housing finance companies (HFCs).
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge with a stop loss of Rs 658 and target of Rs 690 and Century Textiles and Industries with a stop loss of Rs 940 and target of Rs 1000 and can sell Sun TV with a stop loss of Rs 781 and target of Rs 740.
Rajesh Agarwal of AUM Capital recommends buying Jindal Steel & Power with a stop loss at Rs 213 and target of Rs 223, Capital First with stop loss at Rs 568 and target of Rs 594 and United Breweries with stop loss at Rs 1175 and target of Rs 1230.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44 and sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320.
Ashwani Gujral of ashwanigujral.com advises buying Raymond with a target Rs 780.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.
We believe the markets will see a consolidation in the range of 10,500 to 10,730 levels over the next week, Vikas Jain, Senior Technical Analyst Reliance Securities, said.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Motherson Sumi with a target of Rs 290.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Capital First and can buy Mindtree, Colgate Palmolive and Titan Company.
Manav Chopra of Indiabulls Ventures advises buying Titan Company with a target of Rs 925.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Cummins, Arvind, Capital First and Equitas Holdings.
Rakesh Bansal of RK Global advises buying Capital First with a target of Rs 669.
Mitessh Thakkar of miteshthacker.com recommends selling Bosch with a stop loss of Rs 18,900 and target of Rs 18,200, Shree Cements with a stop loss of Rs 16,850 and target of Rs 16,000 and Zee Entertainment with a stop loss of Rs 576 for target of Rs 545.