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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
Stocks to Watch, 03 Feb: Stocks like UPL, PB Fintech, Awfis Space Solutions, Thermax, Indus Towers, Paradeep Phosphates, Akzo Nobel India, Aarti Industries, Chalet Hotels, Honeywell Automation India, PG Electroplast, and Aditya Birla Lifestyle Brands will be in focus on February 3.
Buying momentum is expected to strengthen further if the frontline indices sustain above the 20-day EMA in the upcoming sessions. Below are some short-term trading ideas to consider.
Given the weak sentiment, the benchmark indices may extend their southward journey in the upcoming session. Below are some trading ideas for the near term.
Overall, the market trend is expected to remain positive despite occasional consolidation. Here are some trading ideas for the near term.
Sun Pharmaceutical Industries formed strong bullish candlestick pattern on the daily timeframe with healthy volumes, despite sharp market correction. The stock traded above all key moving averages.
Chalet Hotels sustained uptrend with robust volumes for three days in a row. It has seen a breakout of falling resistance trendline adjoining multiple touchpoints and traded above all key moving averages, which is a positive sign.
The overall market structure remains bullish as long as Bank Nifty remains above the 46,300 mark.
Paytm has seen a breakout of downward sloping resistance trendline adjoining highs of August 25 and September 11 in the beginning of trade and formed long bullish candlestick pattern on the daily timeframe with above average volumes.
KPR Mill formed bullish candlestick pattern with long upper shadow on the daily timeframe with above average volumes. It has also seen a breakout of falling resistance trendline, with trading above all key moving averages.
Chalet Hotels shares gained more than 3 percent to end at record closing high of Rs 417.45, and formed bullish candle on the daily timeframe with significantly higher volumes. Overall, the volumes remained strong throughout last week.
Borosil Renewables has decisively seen Flag pattern breakout on April 20 with 7 percent rally, followed by another 4 percent upside on April 21. The stock on both days has formed long bullish candlestick pattern on the daily charts, getting back above 50 and 100-day EMA on closing basis and hitting 200-day EMA intraday on Friday.
Chalet Hotels gained nearly 4 percent to Rs 367, forming strong bullish candle on the daily charts with robust volumes. The stock continued higher high formation for fifth consecutive session.
The trend will likely remain positive as long as the Nifty stays above 17,700
As long as the Nifty trades above 15,500, one should continue to trade with a positive bias and look for stock-specific buying opportunities during the week, says Ruchit Jain, of 5paisa.com
Trend of KEC International turned positive as stock price has formed higher top higher bottom candlestick pattern on the daily chart. Primary trend of the stock turned positive as stock price has closed above 200 days EMA.
Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up
The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000
Sundram Fasteners has created a strong base at Rs 780 level and managed to close above its all-important moving averages. On the upside, Rs 928 is an immediate hurdle then Rs 990 is the next target level.
Chalet has been forming a higher high - higher low pattern for the past couple of weeks after finding support near the Rs 211 mark.
Here's what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading today.
Here's what Vikas Jain, Senior Research Analyst at Reliance Securities, recommends investors should do with the 3 stocks when trading resumes today.
After showing up-move from the lows recently, the Nifty struggled to sustain the gains on September 14 and closed the day lower by 24 points amid high volatility.
Neeraj Chadawar of Axis Securities believes that the equity will continue to trade on higher multiples for some more time.
Bank Nifty traded with a positive bias through the last week and managed to give third consecutive higher weekly closing.
Analysts feel investors will still focus on quality stocks only in 2020
