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
Consolidation is expected to continue in the upcoming sessions until the frontline indices trade above their short-term moving averages. Below are some short-term trading ideas to consider.
The market is expected to see further consolidation with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
Given the favourable technical indicators, the uptrend is likely to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Given the confluence of support levels from the 200DEMA and the Bullish Crab pattern, National Aluminium is poised for a potential bullish resurgence.
Overall, the market is likely to remain positive as long as it sustains above all key moving averages. Below are some trading ideas for the near term.
The market is expected to consolidate further until it trades below all key moving averages. Below are some trading ideas for the near term.
According to experts, the Nifty 50 is likely to inch towards 24,800 as long as it holds the 24,650 level on a closing basis in the coming sessions. However, 24,500 is expected to be an immediate support zone. Here are some trading ideas for the near term.
Holding 22,460 could propel the Nifty 50 to the 22,800-23,000 zone, while failure could lead it down to the 22,300-22,200 levels.
The immediate support for the Nifty 50 is likely to be seen at 22,400, followed by 22,300. In case of a bounce back, the 22,600-22,700 levels are the immediate ones to watch.
Overall, the Nifty 50 will remain in a consolidation mode as long as it stays below 22,100 mark, experts said, adding the index is likely to take support at 21,500 level.
A bullish reversal stokes hopes for further rise in the Nifty50 and, if it comes true, then 19,800-20,000 can be a possibility in the coming days, with immediate support at 19,600-19,500 and crucial support at the 19,300 levels, experts said
LIC saw a decisive breakout of long falling resistance trendline adjoining highs of December 20 last year, and August 11 this year. The stock has formed a bullish candlestick pattern with long upper shadow on the daily charts with strong volumes.
On the daily chart, a consolidation breakout is visible, which suggests an increased bullish bet. Besides, EID Parry (India) has moved above the 50-DMA on the daily chart.
Welspun Corp was also in focus, climbing more than 8 percent to Rs 264 and formed bullish candle on the daily charts with above average volumes. On the monthly charts, it has seen a breakout of long downward sloping resistance trend line adjoining January 1, 2008, and May 2, 2022.
Technically, for the Nifty, 17,200-17,300 is the immediate and critical resistance zone
On the technical front, now 13,000 should act as strong resistance for Nifty while 29,500 would be an immediate hurdle for Bank Nifty.
Neeraj Chadawar of Axis Securities believes that market volatility is likely to provide good opportunities for Midcaps and Small caps.
Prakash Gaba of prakashgaba.com recommends buying Havells India with target at Rs 645 and stop loss at Rs 623 and IndusInd Bank with target at Rs 1425 and stop loss at Rs 1297.
Market remained highly volatile in last week amid domestic and global cues including December F&O expiry, bond sale by govt, Jharkhand election, capital infusion in PSU banks and progress on on US-China trade deal.
The Nifty and the Bank Nifty continue to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.
Kiran Jadhav of KiranJadhav.com advises buying Tata Power, CESC and EID Parry.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, EID Parry and Canara Bank.
Ashwani Gujral of ashwanigujral.com recommends buying GAIL India, BASF, Bharat Forge, Ashok Leyland and EID Parry.
Sumeet Jain of Destimoney Securities is of the view that one may buy Thermax with a target of Rs 1010.
Ashwani Gujral of ashwanigujral.com recommends buying India Cements, TV Today and EID Parry.