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 consolidation is expected to continue in the upcoming sessions until the benchmark indices give a decisive close above the February swing high. Below are some trading ideas for the near term.
The bullish bias is expected to sustain in the upcoming sessions. 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.
With the Nifty50 index showing early signs of a potential reversal, these stocks could be set for bigger gains if the market continues its bullish shift.
While the Nifty 50 may consolidate further, the overall trend remains in favour of the bulls. Below are some trading ideas for the near term.
The 24,500 level is likely to be key resistance as long as the Nifty 50 holds 24,200 support, and above this, 24,800 is the level to watch. Here are some trading ideas for the near term.
If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750
Coforge has formed robust bullish candlestick pattern on the daily scale with above average volumes. In fact, there was a consolidation breakout in previous session, and now the stock traded above all key moving averages, which is positive sign.
Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts
A conclusive break above the 19,700 levels on Nifty, especially on a closing basis, would potentially open the path for further upward movement, with an eye towards the 20,000 mark.
Mahindra CIE Automotive was the fourth gainer in Nifty500 index, rising nearly 7 percent to end at record closing high of Rs 385 and formed long bullish candle on the daily charts which resembles Bullish Engulfing kind of pattern formation.
GAIL India shares hit Rs 100 mark after a long time and rallied more than 3 percent to Rs 102.25, the highest closing level since May 20, 2022 and has formed long bullish candle on the daily charts with strong volumes, with higher high formation for fifth consecutive session.
Healthcare Global Enterprises has broken out from the horizontal channel on the weekly charts. Price breakout is accompanied by jump in volumes. It is placed above all important moving averages, which indicates bullish trend on all time frames.
Given the expiry week, there could be volatility with also focus on global cues. If the index fails to sustain Friday's low of 17,710 then we can see further selling pressure, experts said.
Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.
It will be interesting to see how the market behaves in the first half of the week. If global relief extends, we may see the Nifty surpass the 16,000-mark, which will trigger a sharp short-covering rally
Tata Communications has consolidated and maintained a base near Rs 1,130 levels and has picked up momentum with a bullish candle pattern to imply strength. It has potential to carry on with positive bias in the coming days.
For the overall market, the trend continues to be weak till Nifty stays below 17,000-mark, said Malay Thakkar of GEPL Capital
Chalet has been forming a higher high - higher low pattern for the past couple of weeks after finding support near the Rs 211 mark.
The Nifty IT has fallen more than 11 percent in 2022, as investors turn pessimistic over the sustainability of the sector’s rich valuations amid the possibility of a sharp increase in interest rates at home and abroad
Here's what Jayesh Bhanushali of IIFL Securities recommends investors should do with these stocks when the market resumes trading today
From the broader point of view, looking at the price action, Malay Thakkar of GEPL Capital expects the Nifty to consolidate between 17,000-17,600.
Traders are advised to stick to the stock centric approach because the real action lies there and we expect it to continue in coming session as well.
Traders can continue with a stock specific approach. "And we may see trades on both sides if Nifty remains in a consolidation mode," says Sameet Chavan of Angel One.
After a phase of strong earnings, lockdown-like restrictions have led to more downgrades than upgrades but analysts and brokerages remain bullish about many stocks, which have been upgraded to a ‘buy’ rating.