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
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
We expect the stock to move higher towards its potential target of Rs 180 in the medium-term.
Mitessh Thakkar of mitesshthakkar.com suggests buying India Cements with a stop loss of Rs 95 and target of Rs 103, Lupin with a stop loss of Rs 882 and target of Rs 945 and DCB Bank with a stop loss of Rs 157.5 and target of Rs 169.
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
Mitessh Thakkar of mitesshthakkar.com suggests buying Asian Paints around Rs 1255 with stop loss of Rs 1234 for target of Rs 1300 and Maruti Suzuki around Rs 7250 with stop loss below Rs 7100 for target of Rs 7590.
IT, Consumer and Capital Goods are likely to report solid earnings growth while automobiles, pharmaceuticals, and cement will continue to witness margin pressures leading to subdued earnings
Ashwani Gujral of ashwanigujral.com advises buying Raymond with a target Rs 780.
Ashwani Gujral of ashwanigujral.com suggests selling Sun TV with a stop loss of Rs 785, target of Rs 760, BEML with a stop loss of Rs 810, target of Rs 775 and GSFC with a stop loss of Rs 104, target of Rs 92.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell DCB Bank with a stop loss of Rs 181.50 and target of Rs 172 and buy Hindustan ZInc with a stop loss of Rs 295 and target of Rs 317 and United Breweries with a stop loss of Rs 1249 and target of Rs 1310.
A decisive fall below 10,550 may induce a correction towards 10,330 levels. On the other hand, a short term pullback may be seen in the market if the Nifty moves decisively above 10,620 levels.
Prakash Gaba of prakashgaba.com is of the view that one can buy Biocon with target at Rs 665 and stop loss at Rs 635 and sell DCB Bank with target at Rs 175 and stop loss at Rs 184.
The Nifty is expected to face immediate resistance at around 10,760 and 10,790 levels and is likely to find support around 10,640 and 10,600 levels. Moreover, if the index manages to breach 10,790 levels on the closing basis, then a further rally towards 10,950 is possible.
"The daily Relative Strength Index (RSI) is showing an upward momentum and (+) DI continuously trading above (-) DI, Therefore, we recommend to buy for the upside target of Rs 212 and keep a stop loss below Rs 190 (closing basis)," says Abhishek Mondal, Research Analyst at Guiness Securities.
"Private banks along with Bank Nifty is doing well for the last few days. Therefore, we recommend buying DCB Bank for the upside target of Rs 206 and keep a stop loss below Rs 198," says Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
The Put-Call ratio (PCR) rose sharply to 1.55 from 1.49 levels on the back of aggressive Put writing at 10,600 levels, which suggests the Nifty could find strong support around 10,600 levels.
Rajesh Agarwal of AUM Capital recommends buying India Cements with stop loss at Rs 136 and target at Rs 146, a buy in BEML with stop loss at Rs 1040 and target at Rs 1095 and a buy also in CESC with stop loss at Rs 1045 and target at Rs 1085.
"DCB Bank has been consolidating with a slight downward bias for the past eight trading session and is finally showing early signs of reversal, we expect it to rally towards its potential target of Rs 213 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
Midcap and smallcap indices rose over a percent each this past week, outperforming the headline index, and there are some stocks that investors can look at buying this week.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
"DCB Bank is one of the best managed small sized private sector bank. We are bullish on this company and expect it to double in next 5 years," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Vishal Malkan of malkansview.com advises buying Canara Bank with a target of Rs 270.
Mitessh Thakkar of mitesshthakkar.com recommends selling Federal Bank and DCB Bank.
Sandeep Wagle of powermywealth.com is of the view that one can sell DCB Bank and buy Mindtree.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Steel Authority of India and DCB Bank and can buy Zensar Technologies.