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 ‘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.
The tailwind for tyre sector is expected to continue as long as the coronavirus issue does not come under control. Brokerages point out that the sharp decline in crude prices will further dent crude derivative prices.
Ashwani Gujral of ashwanigujral.com recommends selling Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 1900 and NIIT Tech with a stop loss of Rs 1710, target of Rs 1650
Vineeta Sharma of Narnolia Financial Advisors also feels results declared so far have been slightly below their estimate.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland with stop loss below Rs 80.75 for target of Rs 90 and Aditya Birla Capital with stop loss below Rs 103.30 for target of Rs 112 and Rs 114.
Prakash Gaba of prakashgaba.com suggests selling Just Deal with stop loss at Rs 597 and target of Rs 570
On the Nifty, 11,980-12,000 could initially act as intermediate hurdle above which it could test 12,200 levels
SMC Global Securities has a buy on Ajanta Pharma and Can Fin Homes while Choice Broking has buy on State Bank of India.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1745, target of Rs 1800 and IndusInd Bank with a stop loss of Rs 1480, target of Rs 1540.
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
Ashwani Gujral of ashwanigujral.com recommends buying Oriental Bank of Commerce with a stop loss of Rs 112, target of Rs 120, State Bank of India with a stop loss of Rs 325, target of Rs 341 and YES Bank with a stop loss of Rs 276, target of Rs 290.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Petroleum Corporation with a stop loss of Rs 270, target of Rs 284 and Can Fin Homes with a stop loss of Rs 323, target of Rs 341.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1240 and target of Rs 1290, IndusInd Bank with stop loss at Rs 1500 and target of Rs 1530 and UPL with stop loss at Rs 805 and target of Rs 840.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 1055, target of Rs 1100, Manappuram Finance with a stop loss of Rs 100, target of Rs 112 and Sun Pharma with a stop loss of Rs 430, target of Rs 455.
Mitessh Thakkar of mitesshthakkar.com recommends selling UltraTech Cement with a stop loss of Rs 3525 and target of Rs 3300, Hindalco Industries with a stop loss of Rs 204.25 and target of Rs 190 and Indian Bank with a stop loss of Rs 214 and target of Rs 191.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Ashwani Gujral of ashwanigujral.com suggests selling Ceat with a target of Rs 126.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ceat above Rs 1271 with stop loss of Rs 1255 for target of Rs 1300 and Godrej Industries with a stop loss of Rs 546 for target of Rs 565.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bata India with a stop loss of Rs 1028 and target of Rs 1060 and Colgate Palmolive with a stop loss of Rs 1079 and target of Rs 1222.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance with a stop loss of Rs 2414 and target of Rs 2490, Escorts with a stop loss of Rs 678 and target of Rs 718 and Balkrishna Industries with a stop loss of Rs 972 and target of Rs 1022.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
Deutsche Bank has maintained buy call on Apollo Tyres, MRF as well as Ceat.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.