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 downward pressure may persist in the market, given the strong control exerted by bears over Dalal Street. Below are some trading ideas for the near term.
The Nifty 50 may see a minor rebound after the significant fall, but overall, the trend remains weak. Below are some trading ideas for the near term.
Overall sentiment remains weak, but given the somewhat oversold conditions, a bounce back cannot be ruled out early next week. Below are some trading ideas for the near term.
The Nifty 50 is likely to extend losses, with a downside target towards 23,600. On the NSE, 2,209 shares declined, while 192 shares advanced. Here are some trading ideas for the near term.
The Nifty 50 needs to sustain 24,500 for a further upward journey towards the 24,800 level, with immediate support placed at 24,400. Here are some trading ideas for the near term.
The decisive close above 24,400 is likely to be crucial for a further uptrend, while the bears may turn strong if the Nifty 50 breaks 24,200. Here are some trading ideas for the near term.
As long as the Nifty 50 holds 22,300-22,200 levels on closing basis, the upward march towards 22,800 can't be ruled out in the coming sessions.
DLF stock is demonstrating a bullish trend, consistently forming higher highs and higher lows.
Sobha formed bullish candlestick pattern with small upper shadow on the daily charts. The stock traded above all key moving averages, and the trading volume on last Friday was above average.
Dr Lal PathLabs has seen a spectacular run in this financial year, garnering over 35 percent returns for its investors, while RBL Bank has been one of the outperforming stocks in the space.
Dr Lal PathLabs has maintained upward journey for third consecutive session, rising 4.8 percent to Rs 2,223 on Tuesday. In fact, it has given a close above 200-day EMA (exponential moving average - Rs 2,141), which is a positive sign.
Dr Lal PathLabs has given a breakout of Mother candle of May 12 with bullish candlestick pattern formation and significantly higher volumes. The stock has touched 200-day EMA (Rs 2,140) intraday and finally settled at Rs 2,121, up 4.7 percent.
The momentum can take the Nifty50 towards 18,500-18,700 in coming sessions, if it sustains 18,200 mark which can be near term support, followed by 18,000 being crucial support, experts said
Dr Lal PathLabs shares gained 1.7 percent to Rs 2,694.35, continuing uptrend for the seventh consecutive session. It has seen formation of bullish candle on the daily charts with higher high higher low formation for seven straight sessions, and has given a breakout of downward sloping resistance trend line adjoining April 8 and August 26.
There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said
Dr Lal PathLabs witnessed an ascending triangle pattern breakout on July 29 which was placed above Rs 2,250 levels in the daily time frame. After breakout, prices are showing a gradual upside movement in a small steep formation.
On daily charts, M&M Financial has formed long bullish candle which is broadly positive for the M&M Finance. Unless it is trading below Rs 165 or 200 days SMA, positional traders retain an optimistic stance and look for a target Rs 185-195.
Traders can look to trade with a positive bias and buy Reliance Industries in the range of Rs 2,460-2,450 for a potential target of Rs 2,600 in the near term. One should place a stop-loss below Rs 2,380 on long positions
Trade Spotlight | Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today
Sameet Chavan of Angel One says Traders should trade with a positive bias as long as the index remains above 17,000–16,800
Experts feel overall the index has been rangebound and the surpassing 17,200-17,300 mark in coming days can be concluded as a completion of recent corrective phase.
Shitij Gandhi of SMC Global Securities expects markets to remain under pressure in upcoming sessions as well and likely to trade on volatile path.
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
On the occasion of Dussehra, experts list out 10 fundamental picks that can be considered for buying. HDFC, Affle (India) figure on the list.
Support for Nifty is placed near 15,400–15,350 levels while resistance is near 15,800.