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
Ashwani Gujral of ashwanigujral.com recommends buying Adani Power with a stop loss of Rs 63, target of Rs 75 and Canara Bank with a stop loss of Rs 272, target of Rs 284.
Nifty is trading above its major simple moving averages, which are rising and are placed around 11,680 that suggest a strong uptrend will unfold in mid-term
Current weekly candlestick pattern formation suggests up move intact unless it breaks 11,770 on the lower side
Midcap Index is near the breakout level of the downward trendline and once it takes out 18,200 level we can expect a sharp pullback on the index level, says Arpan Shah
The market participants would keep an eye on the RBI’s monetary policy (on June 6) as it would provide further direction to the market
Prakash Gaba of prakashgaba.com recommends buying JSW Steel with target at Rs 298 and stop loss at Rs 289, Raymond with target at Rs 820 and stop loss at Rs 787 and L&T Finance Holdings with target at Rs 155 and stop loss at Rs 148.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finance with stop loss at Rs 2810 and target of Rs 2850, Pidilite Industries with stop loss at Rs 1168 and target of Rs 1192 and UPL with stop loss at Rs 902 and target of Rs 926.
Mitessh Thakkar of mitesshthakkar.com recommends buying CESC with a stop loss of Rs 716 and target of Rs 755, Cipla with a stop loss of Rs 527 and target of Rs 548 and Hindalco Industries with a stop loss of Rs 207 and target of Rs 219.
Ashwani Gujral of ashwanigujral.com suggests selling Ceat with a target of Rs 126.
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
Ashwani Gujral of ashwanigujral.com recommends selling Sell Oil India Limited with stop loss of Rs 178, target of Rs 166, JSW Steel with a stop loss of Rs 296, target of Rs 280 and Titan Company with a stop loss of Rs 886, target of Rs 860.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
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 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.
Midcap and smallcap indices gained 7.3 percent and 6.3 percent, respectively.
Rajesh Agarwal of AUM Capital recommends buying JK Tyre & Industries with stop loss at Rs 101 and target of Rs 113, CESC with stop loss at Rs 690 and target of Rs 742 and Just Dial with stop loss at Rs 492 and target of Rs 528.
Rajesh Agarwal of AUM Capital recommends buying CESC with stop loss at Rs 884 and target of Rs 935, Bandhan Bank with stop loss at Rs 458 and target of Rs 485 and AU Small Finance Bank with stop loss at Rs 599 and target of Rs 645.
Mitessh Thakkar of mitesshthakkar.com suggests selling Century Textiles & Industries with a stop loss of Rs 846 and target of Rs 815 and CESC with a stop loss of Rs 883 and target of Rs 830.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries with a stop loss of Rs 1239 and target of Rs 1282 and Bata India with a stop loss of Rs 974 and target of Rs 1000 while he advises selling CESC with a stop loss of Rs 891 and target of Rs 840.
Rajesh Agarwal of AUM Capital recommends buying CESC with stop loss at Rs 998 and target of Rs 1035, Kajaria Ceramics with stop loss at Rs 467 and target of Rs 482 and Wipro with stop loss at Rs 300 and target of Rs 320.
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Among sectors, we continue to remain positive on pharma, auto and metals from current levels and the recent correction in two-wheeler stocks offers a good opportunity to accumulate
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 339 and target of Rs 359, Ambuja Cements with stop loss at Rs 203 and target of Rs 213 and Mahindra & Mahindra with stop loss at Rs 895 and target of Rs 933.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints with a stop loss of Rs 1273 and target of Rs 1330, Wipro with a stop loss of Rs 255 and target of Rs 270 and sell Grasim Industries with a stop loss of Rs 1001.50 and target of Rs 960.