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 market could see some consolidation and profit booking in the upcoming sessions, though the overall trend remains positive. Below are some trading ideas for the near term.
The benchmark indices, as well as broader markets, might extend the weakness. Below are some trading ideas for the near term.
Buy Nifty Futures between 24,200-24,225, with a stop-loss of 24,050, targeting 24,500, while buy Bank Nifty Futures with a stop-loss of 52,200-52,250, with a stop-loss of 51,800, targeting 53,000.
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.
Despite elevated volatility, the market is expected to maintain an upward journey in the coming sessions, along with intermittent consolidation.
Affle India has also seen a breakout of falling resistance trendline and formed long bullish candlestick pattern on the daily timeframe, with robust volumes.
JSW Energy formed strong bullish candlestick pattern on the daily timeframe with robust volumes. The stock traded above all key moving averages, while it has been rising for fourth consecutive month.
Aster DM Healthcare has formed Bullish Engulfing kind of candlestick pattern on the daily charts with above average volumes, and closed 5 percent higher at Rs 319.4. The stock is on the verge of falling trendline breakout.
Short to medium term trend of the Nifty Index seems to be corrective in nature as long as it remains below the 19,795 levels.
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
Though Max Financial Services might look lucrative after a 33 percent up move in the current month whereas broader market almost remained negative. But one needs to be cautious and look at the bigger picture.
Livelihood of almost 60 percent of the country’s population depends on agriculture
Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
Immediate targets for the Nifty is seen around 14,890 which is 150 percent retracement of the entire downswing from 12,430 to 7,511.
June and March quarter earnings indicated that lot of sectors did not have much impact of COVID-19-led lockdown. As a result, lot of stocks saw an upgrade in rating to buy.
BSE Sensex and Nifty50 have rallied nearly 12 percent each since the week ended June 12. Both the indices have surged more than 48 percent each from their March 23 low
Gujarat Gas, Cipla among 10 stocks which brokerages have upgraded to 'buy'
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
Consumer sales growth has slowed over the past five years, but earnings growth remained healthy aided by benign raw material costs and reduction in indirect and direct tax burden, BNP has said
A company spokesperson told Moneycontrol that after the sale, the company expects around Rs 1,000 crore in hand, thereby reducing its debt to Rs 2,200 crore
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
While early analysis suggested the high volume growth could have been just a base impact, a deep dive into the numbers shows it is not so.
The carnage in midcap and smallcaps is a buying opportunity in select stocks
Traders can accumulate the stock in the range of Rs 548-552 for the target of Rs 606 and a stop loss placed below Rs 524, says Achin Goel of Bonanza Portfolio.