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
Yesterday Canara Bank witnessed good buying interest from lower levels and oscillators are showing positive crossover on the daily chart. This stock can test Rs 290 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 260, says Manas Jaiswal of manasjaiswal.com.
Sudarshan Sukhani of s2analytics.com recommends going long on CESC and it may go higher.
According to Sahil Kapoor of Edelweiss, one may buy CESC at current level. "The first target is near Rs 390 to Rs 400 and the support level of Rs 320 should not break," he adds.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may buy CESC as a very strong upmove is expected to continue in it.
Nooresh Mirani of AMSEC Research recommends buying CESC with a target price of Rs 450 in the long-term and advises to buy Aurobindo Pharma with a target price of Rs 200 and a stop loss at Rs 187.
Sharmila Joshi of Peerless Securities advised buying Alembic Pharma with a target price of Rs 168 and Escorts with a target price of Rs 80.
Nooresh Merani of AMSEC Research recommends buying CESC with a target of Rs 360 and stop loss at Rs 338 and advises selling Punj Lloyd with a target price of Rs 30 and a stop loss at Rs 33.50.
Sharmila Joshi of Peerless Securities advises buying Ceat with a target price of Rs 110 and Hexaware Technologies with a target price of Rs 93.
Vishal Kshatriya of Edelweiss recommends going long in on July Futures of HCL Technologies at current market price with a target of Rs 850 and stop loss below Rs 770.
Hemant Thukral of Aditya Birla Money suggests buying CESC and advices selling Union Bank of India.
Sahil Kapoor of Edelweiss Securities feels CESC is a very strong contender for the upside.
Sudarshan Sukhani of s2analytics.com feels that CESC can cross Rs 400-450. He advises holding the stock.
Sudarshan Sukhani of s2analytics.com said he should be willing to buy CESC. “After reaching Rs 325, the stock has consolidated and that minor consolidation is going to break on the upside,†he added.
PN Vijay of askpnvijay.com is of the view that one can buy Indian Oil Corporation (IOC) around Rs 295 or so and expect about 20 percent in the next 7-8 months.
Buying opportunities are seen in CESC and Tech Mahindra, says Sudarshan Sukhani of s2analytics.com.
According to Sudarshan Sukhani of s2analytics.com if CESC trades above Rs 303 and gets sustained buying momentum there then go and buy the stock.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi of investworks.in give their top picks for the day.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com picks ING Vysya Bank and CESC as his multibaggers for the day. Tulsian pegs ING Vysya Bank's target price at Rs 630 and CESC's target price at Rs 310 in the next six months.
SP Tulsian, sptulsian.com suggests to enter CESC for a target of Rs 310 with a time horizon of about six months.
Sudarshan Sukhani of s2analytics.com feels that one can see bigger declines in CESC.
On CNBC-TV18's show Super Six, market gurus Rajesh Jain, Religare Sec, Manas Jaiswal, manasjaiswal.com and Shardul Kulkarni, Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.
On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya, Edelweiss, Shardul Kulkarni, Angel Broking and Rakesh Gandhi, FRR shares, place their bets on two stocks each, thus offering investors a variety of options to choose from.
CESC started falling. It is a very choppy chart. Now the last support at Rs 290 has been broken and it is promising major declines, says Sudarshan Sukhani of s2analytics.com.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money give top pick for the day.