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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
The bearish sentiment is expected to prevail, given the weakness in technical indicators. Below are some short-term trading ideas to consider.
Aegis Logistics extended upward journey for fourth consecutive session, and formed bullish candlestick pattern with upper and lower shadow on the daily timeframe, indicating volatility in the counter.
There weren’t any surprises in the Governors’ statement. Sometimes no news is good news, which is why markets have reacted with a slightly positive bias, says Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities.
CSB Bank has formed bullish candlestick pattern on the daily scale, with making higher high higher low formation, as it rose over 4 percent to Rs 291.35, but still traded within the range of April 28.
HDFC AMC shares rallied 5 percent, the biggest single day gains August 16 last year, to close at Rs 1,764 and formed long bullish candle on the daily charts with above average volumes.
MCX India rose nearly 4 percent to Rs 1,644, the highest closing level since December 12, 2021, and formed robust bullish candle on the daily charts with higher volumes. The stock has given a decisive breakout of long downward sloping resistance trend line adjoining October 14, 2021, and December 8, 2022.
Mid and smallcaps may cool off a little but this opportunity should be used to add quality stocks to your portfolio as the long-term market outlook is bullish, says experts
Nifty may hit 16,300 once the short-term hurdle of 15,900 is taken out. Short-term trend of the Nifty would remain bullish till it holds above 15,500, said Vinay Rajani of HDFC securities
The second wave of COVID-19 infections and its likely impact on earnings and the economy in the first quarter of FY22 could be capping the upside for the market. However, stock-specific opportunities are expected to continue, say experts.
Support for Nifty has shifted up at 12,250. Far Support is placed at 12,000-12,050. Indicators and oscillators have shown the sign of rising momentum in the Nifty index.
The Rs 410-crore IPO comprised a fresh issue of Rs 24 crore and offer for sale of 1.97 crore shares.
