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 negative trend is expected to prevail in the market. Below are some short-term trading ideas to consider.
Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.
The market is likely to continue trading in a range within last Thursday’s high and low. Below are some short-term trading ideas to consider.
Moneycontrol collated a list of 11 rate-sensitive stocks from experts for the short term.
Overall, the sentiment remains in favour of bulls despite Wednesday's consolidation. Below are some trading ideas for the near term.
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
The market is expected to consolidate further until it trades below all key moving averages. Below are some trading ideas for the near term.
The market is expected to be rangebound as long as it defends last week’s low in the upcoming sessions. Below are some trading ideas for the near term.
Muhurat Trading Day: The market might rebound after a couple of days of weakness, but sustainability is the key to watch. Below are some trading ideas for the near term.
The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
In terms of levels, immediate resistance for Nifty 50 is notable at 22,800, a significant level on higher time frames, with further resistance observed at 23,170 and 23,400.
If the Nifty50 decisively holds 19,500 as well as moved above the falling resistance trendline, then the index can start marching towards the high of October at 19,850
if the said level get decisively broken on the higher side, then 19,500-19,600 can't be ruled out, whereas on the lower side, 19,000-18,900 is likely to be a key support zone, experts said
A close above 19,300 might confirm a bottom and the Nifty50 might be heading towards much higher levels.
For the the current week, 19,500 might be an important support on a closing basis. A convincing move below the same might bring the swing low of 19,333, which is also the low of Doji under threat. This can be a fresh trigger for further panic.
Escorts Kubota has formed long bullish candlestick pattern on the daily timeframe with robust volumes and has seen a breakout of horizontal resistance trendline adjoining highs of August 30 and September 27.
Tata Chemicals share price jumped 12.2 percent to Rs 1,074, the highest closing level since October 19, 2021. The stock had a robust gap up opening and large bullish candlestick pattern formation on the daily charts with significantly higher volumes. It has decisively broken the long down sloping resistance trend line, adjoining October 18, 2021 and May 5, 2022, may be indicating bullish phase. Now the stock is around 7-8 percent away from its record high of Rs 1,158.
On the weekly timeframe, Persistent Systems gave a breakdown of double top pattern with high volumes. Post breakdown the down move was followed by strong volumes, indicating further down move.
What a classic setup we are having in City Union Bank, precise Bullish Crab pattern on 4-hour chart with N wave formation near potential reversal zone of Rs 115-120.
Traders are advised to stay light on positions and even if the market attempts to recover, one should avoid aggressive longs till the time 17,700 is not surpassed, says Sameet Chavan of Angel One.
On the long term, "the resumption of economic activity and the vaccination drive will dictate investor sentiment going forward, hence, we remain bullish on markets," Prashanth Tapse of Mehta Equities said.
Nifty will find support near its band of short-term averages of 11,430-11,480 and also 61.8 percent retracement of the recent up move from 10,800 to 12000.
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
HDFC Securities selected stocks across major sectors financials, consumer, pharma, industrials, oil, automobile, cement and technology.
The long term economic backdrop for the Indian economy looks good and we can expect the coming quarters having stability in the capital markets.