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
Overall, the trend remains favourable for bulls, despite the likelihood of intermittent consolidation. Below are some short-term trading ideas to consider.
Buying momentum is expected to strengthen further if the frontline indices sustain above the 20-day EMA in the upcoming sessions. Below are some short-term trading ideas to consider.
The frontline indices are expected to see more consolidation with a negative bias in case the 10-day EMA is broken. Below are some short-term trading ideas to consider.
The benchmark indices are expected to consolidate further. Below are some short-term trading ideas to consider.
The market is expected to attempt an upward movement amid likely consolidation. Below are some trading ideas for the near term.
The sentiment remains bearish, but considering the severe fall last week, consolidation and range-bound trade are possible. Below are some trading ideas for the near term.
The market may consolidate until decisively climbing above short-term moving averages in the upcoming sessions. Below are some trading ideas for the near term.
The Nifty 50 is likely to consolidate further in the coming sessions before the start of a new leg of an upmove. Below are some trading ideas for the near term.
The Nifty 50 is expected to maintain its upward momentum, supported by a fall in volatility. Below are some trading ideas for the near term.
According to experts, the Nifty 50 needs to break its consolidation by decisively climbing above 24,400, which could open the doors for 24,700, while 24,100-24,000 is expected to be a key support zone. Here are some trading ideas for the near term.
The volatility index (VIX) bouncing back suggests challenges ahead, while on the downside, a breach below 22,300 could lead to a slide towards 22,100–22,000 on the Nifty.
State Bank of India was the second largest gainer in the Nifty 50 on Thursday and ended at new closing high. The stock has formed a Bullish Marubozu kind of candlestick pattern on the daily charts, with robust volumes.
Looking ahead to the current week for Nifty, it's crucial for traders to closely monitor the 21,500 level, which is identified as a significant support level.
On Budget day, the Nifty 50 is likely to trade in the range of 21,500 on the lower side, and 21,900 on the higher side.
Aditya Birla Fashion & Retail has seen a nice breakout of consolidation and maintained upward sloping support trendline. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
Sun TV Network traded at multi-year highs now. The stock has formed long bullish candlestick pattern on the daily charts, with strong volumes, while on weekly scale, it has given horizontal resistance trendline breakout this week with above average volumes.
A fall below 19,650 might give bears more strength and the Nifty might fall towards 19,250. On the higher end, a decisive move above 19,850 might open the way towards 20,200.
The index is likely to consolidate in the monthly F&O expiry week, and if the index takes support and rebounds, then 18,700-18,900 could be the resistance area, whereas 18,500-18,450 could be the next crucial support in case of correction in coming sessions
For the bulls to regain control, the upward movement should start from the current levels.
The banking index has been showing outperformance and is continuing its uptrend after some consolidation. Among private sector banks, Axis Bank is showing strength and has given a breakout above its previous swing high resistance.
The Nifty50 has witnessed significant amount of Call writing at higher levels and there has not been enough Put writing at the lower end to find a meaningful support on the derivative front. The uptrend will resume only once we close above the level of 17,100.
On weekly time frame of KEC, prices have taken multiple support from the 50 percent of Fibonacci retracement level of prior advance from Rs 155 level (April 2020) to Rs 550 level (October 2021). In this week, prices gave a breakout from the rectangle pattern which it had formed for past 17 weeks starting from March 2022.
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)
On Thursday, Zee Entertainment opened with a gap up and gained over 15 percent. In this month so far, it rallied over 34 percent. The important thing is, after a long time it succeeded to close above 200 & 50 day SMA (simple moving average).
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.