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 is likely to consolidate further until it decisively gets back above last Thursday's high. Below are some short-term trading ideas to consider.
Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
The market may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to consolidate further as long as the frontline indices continue trading below their medium-term moving averages. Below are some short-term trading ideas to consider.
The frontline indices are expected to see further consolidation in upcoming sessions before potentially entering a new leg of the uptrend. Below are some short-term trading ideas to consider.
The market is expected to remain in positive territory amid consolidation. Below are some trading ideas for the near term.
The market may remain in positive terrain amid elevated volatility. Below are some trading ideas for the near term.
Volatility is expected to continue in the market, with support at the current week's low. Below are some trading ideas for the near term.
The uptrend in the markets is likely to continue in the coming sessions, albeit with consolidation. Below are some trading ideas for the near term.
Looking ahead, if the Nifty moves above 24,860, it could potentially reach the significant milestone of 25,000 and possibly higher.
Traders are advised to close their short-term long positions to capitalize on these gains. Immediate support levels for Nifty 50 are identified in the 24,000-23,800 range, but even a minor dip could significantly impact individual stocks.
Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.
The volatility index (VIX) bouncing back suggests challenges ahead, while on the downside, a breach below 22,300 could lead to a slide towards 22,100–22,000 on the Nifty.
Breach of 22,500-22,450 levels may trigger further profit booking, potentially towards 22,300 and beyond in the near term.
Cipla formed long bullish candlestick pattern on the daily charts with above average volumes. The stock continued to trade above all key moving averages (20, 50, 100 and 200-day EMAs) which is a positive sign.
Viraj Vyas advises creating a non-directional spread in Nifty50 by selling 1 lot of 19,100PE and 1 lot of 19,500CE.
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
Sameet believes traders can find ample opportunities in the beaten spaces and for investors, this decline would provide opportunity to accumulate quality stocks in a staggered manner.
The entire capital goods space has been bucking the trend in recent challenging times and Cummins India specifically is completely on a roll.
Cipla has given a breakout of downward slopping trend line with volume confirmation indicating positive strength of the stock.
Post breakout from the rounding bottom pattern in August 2022, Jyothy Labs prices retested the neckline and have shown a bounce on upside pointing towards beginning of the trend on the upside.
Cipla on the daily chart has formed a strong rounding base formation and is on the verge of a breakout. The F&O data, too, suggest the building of fresh long positions with the rise in price and rise in open interest.
For the week, 17,500–17,650 remains a sturdy wall and until it is surpassed convincingly, tentativeness at higher levels will persist
On the weekly chart of Alkyl Amines, the prices have shown a bounce on the upside. In the prior week, prices gave a breakout from the Falling Wedge pattern which is a bullish reversal pattern, said Vidnyan Sawant of GEPL Capital
Bharat Electronics has recently consolidated within a range which seems to be a time-wise correction within an uptrend. The consolidation has led to the formation of a ‘Symmetrical Triangle’ pattern on the daily chart and prices have given a breakout from the pattern