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 trend remains positive, but consolidation cannot be ruled out after the sharp rally. Below are some short-term trading ideas to consider.
The frontline indices are expected to continue trading within the previous week's range. Below are some short-term trading ideas to consider.
The market is expected to continue consolidating within last Friday's trading range. Below are some short-term trading ideas to consider.
The key indices are likely to consolidate and remain range-bound in the upcoming sessions. Below are some trading ideas for the near term.
The market may see some consolidation after the recent significant run-up. Below are some trading ideas for the near term.
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
The market is expected to consolidate further until it trades below all key moving averages. Below are some trading ideas for the near term.
International natural rubber prices have witnessed sharp uptick of nearly 28 percent over the past two months on concerns around global natural rubber supply shortage.
The Nifty 50 is likely to remain rangebound, though the overall trend remains positive. Below are some trading ideas for the near term.
The Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
the Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week
A decisive move above 21,500 could potentially trigger a significant rally in the Nifty 50.
Ceat shares rebounded smartly after a day of correction, and has formed bullish candlestick pattern with long upper shadow & small lower shadow on the daily charts, with strong volume.
The stock has reported highest monthly gains since last July. The rally in May was seen after witnessing consolidation for previous the two months
Rail Vikas Nigam sustained its uptrend for third consecutive session and registered strong rally (from Rs 77.50 to Rs 130) in last five out of seven days. The stock surged 10 percent to Rs 130 and formed long bullish candlestick pattern on the daily scale, with above average volumes.
Pidilite Industries has moved above its recent consolidation on the daily chart, suggesting a rise in optimism. Besides, the stock has moved above its short-term moving average (50-EMA - exponential moving average).
Godrej Industries has formed long bullish candle on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining December 9 and December 21, 2022. Also there was a decisive breakout of horizontal resistance trend line adjoining multiple touch points - October 12, October 19, 2022, January 2, and January 5, 2023.
The crude oil remains under pressure and since it has sneaked below $80 mark, all sensitive pockets came back into action. Tyre being the beneficial space from the crude oil drop, all counters just took off in last couple of trading sessions.
Welspun Corp was also in focus, climbing more than 8 percent to Rs 264 and formed bullish candle on the daily charts with above average volumes. On the monthly charts, it has seen a breakout of long downward sloping resistance trend line adjoining January 1, 2008, and May 2, 2022.
Indicators and oscillators like RSI, DMI and MACD have been showing strength in the current up move in Bandhan Bank. The relative strength of the stock is high as compared to other banking stocks
In Q2FY21, all the tryre companies registered strong EBITDA margins due to cost-cutting, scale benefits and lower commodity and raw material prices.
On the decisive crossing of 12,400 levels would lift the Nifty to 13,300 levels, said Shrikant Chouhan of Kotak Securities.
The ‘RSI-Smoothened’ for Nifty on the weekly timeframe chart has started moving northwards after entering a bullish territory above the 70 mark, which is likely to provide the impetus.
The benchmark index has reclaimed its level above 20 and 50 DMAs. Now, Nifty is placed above all important moving averages, indicating an up-trend on all timeframes.
In case 11,250 is breached, the downside remains open towards 11,000-10,900 zone.