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 overall data has turned negative and more weakness can be seen in the expiry week.
Rajesh Agarwal of AUM Capital recommends buying Dalmia Bharat with stop loss at Rs 1994 and target of Rs 2077 and Bajaj Auto with stop loss at Rs 2548 and target of Rs 2630.
VIX could rise further towards 24-25 levels indicating markets will remain under pressure, says Ashish Chaturmohta of Sanctum Wealth Management
Ashwani Gujral of ashwanigujral.com suggests buying Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160 and Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155.
Credit Suisse said while FMCG pack has corrected 15-40 percent from its 52-week high, most stocks still continue to trade at 1 standard deviation above historical mean P/E levels.
Mitessh Thakkar of mitesshthakkar.com suggests buying United Spirits around Rs 490 with stop loss of Rs 480 and target of Rs 513 and Radico Khaitan with a stop loss of Rs 320 and target of Rs 348.
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCL Tech with a stop loss of Rs 1008 and target of Rs 1060 and can sell Indian Bank with a stop loss of Rs 339.5 and target of Rs 322 and Repco Home with a stop loss of Rs 593 and target of Rs 560.
Rupak De of Bonanza Portfolio said the Nifty may find support at the lower band of the rising channel which is currently pegged around 11,450. “On the higher end, 11,600 and 11,660 are likely to act as immediate resistance.”
Ashwani Gujral of ashwanigujral.com suggests buying NIIT Tech with a stop loss of Rs 1360, target of Rs 1410, Dabur India with a stop loss of Rs 450, target of Rs 475 and Axis Bank with a stop loss of Rs 630, target of Rs 655.
The stock may be bought in the range of Rs 237-240 for targets of Rs 265-285, keeping a stop loss below Rs 215, says Aditya Agarwala of YES Securities.
“A trade below 11,270 levels can halt the current uptrend, dragging the Nifty lower to 11,170-11,050,” says Aditya Agarwala of Yes Securities
Mitessh Thakkar of mitesshthakkar.com recommends buying KPIT Technologies with a stop loss of Rs 301 and target of Rs 320 and Sun Pharmaceutical Industries with a stop loss of Rs 564 and target of Rs 595 and advises selling Colgate Palmolive with a stop loss of Rs 1136 and target of Rs 1090.
However, some midcaps managed to buck the trend and witnessed buying momentum amid selling in the broader market
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 604 and target of Rs 632, Colgate Palmolive with stop loss at Rs 1165 and target of Rs 1208 and Tata Motors with stop loss at Rs 261and target of Rs 279.
We recommend traders to add this stock in a range of Rs 1,170 to Rs 1,160 with a price target of Rs 1,260 and a stop loss placed at Rs 1,125, says Aditya Agarwal of Way2Wealth Brokers.
The Nifty is trading in a range of 10,700 – 10,900 zones and due to such range bound activities daily Bollinger band has contracted further. Hence, we are likely to see a high volatility in coming trading sessions, says Aditya Agarwal of Way2Wealth Brokers.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
Factors fuelling rural growth in FY18 are a normal monsoon, low base effect, increase in MSP, an increase in rural allocation in recent budgets.
JPMorgan upgraded Colgate Palmolive to overweight with a target price of Rs 1,400. The upgrade is led by expectations of volume growth revival to 5-6 percent.
"We expect the stock to surge higher towards its potential target of Rs 1,276 levels in the medium term. Traders can put a stop loss below Rs 1,138," says Hadrien Mendonca, Senior Technical Analyst at IIFL.
"We advocate traders to accumulate this stock in a range of Rs 1,168 to Rs 1,160 with a price target of Rs 1,250, and a stop loss should be placed below Rs 1,105," says Aditya Agarwal, Head, Technical Research at Way2Wealth Brokers.
On the higher side, call writing at 10,800 will continue to act as strong supply zone for Nifty whereas on the lower end, put writing at 10,600 will emerge as immediate support for the index
Hadrien Mendonca of IIFL recommends buying Bajaj Finance with target at Rs 2,250 and stop loss at Rs 1,975 and Colgate Palmolive with target at Rs 1,276 and stop loss at Rs 1,138.