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 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.
DCB Bank share price surged 9.5 percent to nearly Rs 98 and has seen formation of robust bullish candlestick pattern on the daily charts with high volumes after giving a break out of long downward sloping resistance trend line in previous session, adjoining January 6, 2021 and July 29, 2022. The stock continued its run up for fourth consecutive session.
RSI oscillator has bounced back from the 30 odd levels and started rising, suggesting higher possibility of bullish trend reversal in DCB Bank stock price in the coming days.
Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days
The market can expect more earnings upgrades if the strong corporate earnings reported in the March quarter are followed by quick winding of restrictions in various states and faster revival of the economy.
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.
Over the last five years, private sector banks have rapidly gained market share to around 30 percent (2020) from around 18 percent (2015).
Experts point out select mid and smallcaps look good for medium to long term horizon. They name about 20 favourite stocks
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
As long as Nifty trades below 12,150, the probability of retesting the lows of 11,800 remains high. Some relief for bulls can be expected on a close above 12,250.
As market was testing new highs, emergence of geopolitical tensions could force people to book profits, said experts
Most experts see FII flows moving towards few largecaps in coming year also
Rising food prices have pushed retail inflation in November to a three-year high of 5.54 percent.
Despite the hangover induced by the Union Budget, various brokerages initiated coverage on these 10 stocks in July and projected 17-46 percent return in near to mid-term
Nifty has formed opening bearish Marubozu candlestick pattern on the weekly timeframe that implies bearish sentiment. This month's pivot point is placed around 11,839 and S1 level is around 11,574
The S&P BSE Midcap index slipped 0.57 percent for the week ended May 17 while the S&P BSE Smallcap index was down 1.5 percent in the same period.
Nifty has taken support at its 100-day moving average placed at 11,132 and formed a bullish candle for the day. It needs to cross the immediate hurdle of 11,300 for a bounce back towards 11,400-11,450
We expect VIX to remain at elevated levels as markets head towards election outcome
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv with a stop loss of Rs 7594 and target of Rs 7740 and HCL Tech with a stop loss of Rs 1120 and target of Rs 1175.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.
As per the Fibonacci projections, the short term target of Nifty50 is 12,000 and in upcoming week if 11,856 trades on higher side then we could see a smooth journey towards the target level.
Prakash Gaba of prakashgaba.com recommends buying JSW Steel with target at Rs 298 and stop loss at Rs 289, Raymond with target at Rs 820 and stop loss at Rs 787 and L&T Finance Holdings with target at Rs 155 and stop loss at Rs 148.
Investors’ focus should be on stocks that are fundamentally sound, are displaying earnings momentum, have a margin of safety and good corporate governance standards
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.
Traders can accumulate the stock in a range of Rs 165-169 for the upside target of Rs 179 levels with a stop loss below Rs 156, says Shitij Gandhi of SMC Global Securities.