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
Eicher Motors has shown a change in the polarity at the bearish trend line which the prices respected since September 2017, this illustrates the positive undertone of the prices.
PFC shares rallied nearly 6 percent to Rs 166 and formed long bullish candlestick pattern on the daily scale with above average volumes. The stock remained above key moving averages, with making higher highs higher lows for sixth consecutive session.
A falling wedge formation and an Inverse Head and Shoulder pattern have both broken out on DLF. We are able to clearly observe a Bullish Marubozu candlestick pattern on the weekly time period
For NIfty, the immediate support on the downside is at 16,850-16,800, while the immediate hurdle is at 17,100. As long as the index moves in this range, it will remain sideways
Nifty stands at the strong polarity support of 16,800 – 16,750 levels, failing to hold which the index is likely to see a further correction towards 16,450 – 16,400 zones
Hindustan Petroleum Corporation was one of the star performers, rising over 6 percent to Rs 244.5, the highest closing level since January 25 this year and formed robust bullish candle on the daily timeframe, with strong volumes. The stock traded well above all key moving averages (9, 21, 50, 100 and 200-day EMA - exponential moving average).
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
The market reacted negatively to the policy, may be due to increasing possibility for further rate hikes in next policy meeting and lowering the growth forecast
Sameet Chavan of Angel One advises traders to keep a close tab on global developments and says any favourable cues will certainly provide the much-needed push to the domestic market
One should avoid trading aggressively till the time market stabilises from this turbulence, Sameet Chavan of Angel One advises
Conflation of several factors such as improving sales, market share gains and rising real estate prices augurs well for listed real estate developers.
DLF plans to launch 3.5 million square feet of projects in Q4FY22 across premium and mid-income independent floors and has further outlined 15 million square feet of projects to be launched in FY23-24
Birla Cable has consolidated from August 2021 till January 2022. Recently the counter has a clean weekly breakout on triangle pattern with moving average convergence divergence (MACD) giving positive crossover above zero which is indicating that the stock is ready for up move.
On the upside, for the Nifty, 17,450 is an immediate and important resistance level which is a cluster of 50 and 20-DMA while 100-DMA of 17,630 will be the next hurdle, says Santosh Meena of Swastika Investmart.
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Nandish Shah of HDFC Securities believes that the short-term trend of the Nifty is weak. Hence, he advised to remain bearish till Nifty closes above the 17,600 levels
HDFC twins and SBI are among the list of stocks being presented by three experts. They also explain why technical indicators are favouring these stocks.
Here's what Gaurav Sharma, AVP Research at Globe Capital Markets Ltd, recommends investors should do with these stocks when the market resumes trading today.
Investors with a higher appetite for risk should only venture in this sector given that it is cyclical and the companies do carry some amount of leverage, said an expert
Nifty remains above the long-term moving averages of 50, 100 and 200-day SMA. The RSI plotted on the medium-term timeframe can be seen rising, indicating that the medium-term trend of the index remains bullish.
Nifty is trading above all important moving averages 20/50/200 DMA indicating price action is in favour of bulls.
Current chart formation suggests Nifty may find major support around 11,650 which is well-supported by a 21-day exponential moving average.
IT and pharma are preferred themes by experts after June quarter earnings
Most experts favour quality stocks, saying once the pandemic is brought under control, these will be first to gain.
Nifty is majorly trading in a band of 20 DMA & 50 DMA and any further price action above 50 DMA standing around 9550 will lead to a afresh breakout while on the downside break below 9100 will have bearish implications.