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 negative trend is expected to prevail in the market. Below are some short-term trading ideas to consider.
As long as the market defends the midline of Bollinger Bands, the trend may remain in favour of bulls despite Monday's profit booking. Below are some trading ideas for the near term.
The market may extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
The Nifty 50 is likely to remain rangebound until it decisively surpasses short-term moving averages. Below are some trading ideas for the near term.
The Nifty 50 may rebound after this minor correction, although consolidation appears to be ongoing. Below are some trading ideas for the near term.
The Nifty 50 needs to give a decisive close above 24,200 for a further northward journey towards 24,500, with support at 24,000. Here are some trading ideas for the near term.
The bullish momentum is likely to continue, with the Nifty climbing to 24,000-24,200 levels in the immediate term, with immediate support at 23,700. Here are some trading ideas for the near term.
Experts expect the Nifty 50 to focus on 21,800-22,000 levels in coming weeks after ongoing consolidation, while taking support at 21,700-21,500 levels and advising buy on dips strategy
Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
While in the correction post December 2021, the stock did not get into the lower low, lower high formation which shows the bullish undertone of Bajaj Holdings & Investment. The stock in the latest week have given a breakout from the Rounding Bottom pattern, which tells the beginning of the trend on the upside.
Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend.
Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.
SRF has breached the crucial support of its 200 days EMA and closed below that for two consecutive sessions. Stock price has broken below from Bearish Head and Shoulder pattern on the daily charts. The monthly relative strength index (RSI) has exited the overbought zone with negative divergence.
After a short-term correction, Dr Reddy's Laboratories has formed higher bottom reversal formation. The stock is consistently taking support near the 50 and 20 day SMA (Rs 4,192, Rs 4,227)
The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
Traders and investors should continue holding Deepak Nitrite and can expect upside towards Rs 2,400 followed by Rs 2,650. Downside support for the stock is placed at Rs 2,000 levels.
The recent development indicates that Nifty could test the previous swing low placed at 16,410. The support derived from, upward sloping trend line, adjoining the weekly lows January 29, 2021 and April 23, 2021 also coincides with swing low of 16,410, says Vinay Rajani of HDFC Securities
From the broader point of view, looking at the price action, Malay Thakkar of GEPL Capital expects the Nifty to consolidate between 17,000-17,600.
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Here's what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today.
Opportunities will be manifold over the next five years, thanks to an increase in outsourcing and divestment in the developed world due to rising cost pressure, better availability of feedstock, and import substitution, say analysts. They also present a list of stock recommendations.
We believe that the long-term bullish trend is intact but in the short to medium term, we might see some profit booking in the benchmark index, said Vidnyan Sawant of GEPL Capital
While midcap stocks tend to see more volatility versus Nifty50, over a longer term they tend to deliver stronger returns and this theme is expected to play out going ahead, Nirali Shah said.