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
As long as the frontline indices defend the previous week's low, a gradual upward move is possible amid rangebound trading. Below are some short-term trading ideas to consider.
The market is expected to remain rangebound until the frontline indices reclaim and sustain above last week'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 retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
The market decisively needs to break the trading range of the May 15 session to establish a firm direction. Below are some short-term trading ideas to consider.
The market could see some consolidation and profit booking in the upcoming sessions, though the overall trend remains positive. Below are some trading ideas for the near term.
The market may remain consolidative, with the continuation of the "sell on rally" strategy. Below are some trading ideas for the near term.
The index is expected to extend its southward move in the upcoming sessions, given the negative sentiment. Below are some trading ideas for the near term.
The market is expected to remain range-bound with an overall negative bias until it decisively moves back above all key moving averages. Below are some trading ideas for the near term.
According to experts, the Nifty 50 is likely to inch towards 24,800 as long as it holds the 24,650 level on a closing basis in the coming sessions. However, 24,500 is expected to be an immediate support zone. Here are some trading ideas for the near term.
The Nifty 50 is likely to hit 24,100-24,200 at the start of the July series, provided it holds 24,000. However, failure to do so can drag it towards 23,800. Here are some trading ideas for the near term.
Cummins India has been a big star performer in the past several months and maintained higher highs, higher lows formation. The stock has seen formation of bullish candlestick pattern on the daily charts, with above average volumes.
Cummins India traded above all key moving averages. The stock has seen long bullish candlestick pattern formation on the daily charts with average volumes.
the Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week
Based on the current chart patterns, a robust bullish phase is anticipated for the longer term. It is advisable to consider buying opportunities above the 22,200 level, targeting potential upside levels ranging from 22,530 to 22,900 on Nifty.
Experts hope to see the Nifty 50 at 22,600 in an immediate term and 22,800 in the short term, with support at 22,400, and then at 22,200. But, in between, the 22,500 level is likely to be crucial in determining the subsequent direction in the market
General Insurance Corporation of India has seen a decisive breakout of horizontal resistance trendline on the daily charts. The stock has formed robust bullish candlestick pattern with strong volumes and traded above all key moving averages.
Cummins India continued uptrend for second consecutive session. The stock has formed healthy bullish candlestick pattern on the daily scale with above average volumes and traded above all key moving averages.
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
Considering the momentum in key sectors, if the Nifty50 decisively surpasses 19,500, then 19,650 is expected to be the crucial area for sharp up-move, while the critical support remains at 19,300-19,250, experts said
Cummins India has been a steady outperformer in the capital goods space for the last many months now. The stock has seen a series of ‘Higher Highs Higher Lows’ in all time frame charts without any major correction.
Indigo Paints has seen a decisive breakout of couple of weeks' of consolidation and formed bullish candle with long upper shadow, indicating some kind of profit taking at higher levels. The stock settled 6 percent higher at Rs 1,136, with robust volumes.
With the continuous nine-day winning streak, the support level continues to shift higher as we now see immediate support in the zone of 17,700 - 17,600; whereas 200-SMA around 17,500 is likely to act as a sacrosanct level
The entire capital goods space has been bucking the trend in recent challenging times and Cummins India specifically is completely on a roll.
Cummins India has given a breakout of the triangle formation on the daily chart. It has retested its previous breakout level of Rs 1,550 after hitting a fresh 52-week high. The structure of the counter looks classical as it is trading from all its important moving averages.