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 is expected to remain rangebound and consolidative in the upcoming sessions. Below are some short-term trading ideas to consider.
Given supportive technical indicators and the easing of most concerns, the index is likely to gain momentum despite intermittent consolidation. Below are some short-term trading ideas to consider.
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 market is expected to consolidate as long as it trades below all key moving averages. Below are some trading ideas for the near term.
The market is expected to consolidate until it gets back above all key moving averages. Below are some trading ideas for the near term.
The market is expected to remain rangebound until it decisively rebounds and sustains above the 200-day SMA. Below are some trading ideas for the near term.
Benchmark indices are expected to remain under bearish control as long as they trade below all key moving averages. Below are some trading ideas for the near term.
Moneycontrol collated a list of top 10 rate sensitive stocks from experts with a 3-4-week perspective after the Reserve Bank of India slashed cash reserve ratio by 50 bps.
The bullish momentum is likely to continue, with the Nifty climbing to 24,000-24,200 levels in the immediate term, with immediate support at 23,700. Here are some trading ideas for the near term.
Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.
L&T Technology Services has seen a breakout of long downward sloping resistance trendline adjoining highs of January 4, 2022 (record high), and February 12 this year. The stock has formed long bullish candlestick pattern on the daily charts.
Escorts Kubota has formed long bullish candlestick pattern on the daily timeframe with robust volumes and has seen a breakout of horizontal resistance trendline adjoining highs of August 30 and September 27.
The real challenge for the Nifty50 is breaking above the 20-day moving average at 19,800, which is also an important level where many traders have placed their bets.
REC shares ended at a record closing high of Rs 235.1 on the NSE, up 5.4 percent, after recent consolidation. The stock has formed long bullish candlestick pattern on the daily charts, with above average volumes.
The overall trend of the Nifty index looks positive till it sustains above 19,562 levels and potential upside would be 19,991 followed by the 20,200 mark.
Technically, the Nifty seems to be looking strong now. Hence, 19,600-19,700 is expected to be key resistance area initially for the Nifty50 followed by 19,800-19,900 levels
The benchmark Nifty is likely to march towards 19,300-19,500 levels in coming days, as long as it holds the 19,000 mark, which is an immediate support, then 18,800 levels, experts said
The directional bias remains strongly bullish till the time 18.600 on the Nifty50 is not violated. Before this, 19,000 followed by 18,800 are to be seen as key supports.
Finolex Cables was also in focus, rising nearly 7 percent to Rs 567.5, the biggest closing level since December 15, 2021 and formed healthy bullish candle on the daily charts with large volumes. Also there was a big breakout of nearly month long consolidation.
Neuland Laboratories shares were locked in 20 percent upper circuit at Rs 1,694, the biggest closing level since December 10, 2021 and formed long bullish candle on the daily charts with strong volumes.
Karnataka Bank stock gained 6 percent at Rs 89.25, continuing uptrend for seventh consecutive session. In last five trading sessions, the volume was remained above average volumes. It has a given a nice breakout of long downward sloping resistance trend line adjoining August 16, 2022 and April 8, 2019.
Colgate Palmolive formed strong bullish candle on the daily scale with robust volumes as it jumped nearly 4 percent to Rs 1,630, the highest closing level since May 2. The stock has also seen a breakout of long downward sloping resistance trendline adjoining July 23, 2021 and May 2, 2022.
HDFC AMC surged 11.5 percent to Rs 2,181, the highest closing since April 18, and formed large bullish candlestick pattern which resembles Bullish Engulfing kind of pattern formation on the daily charts with robust volumes. The stock has strongly broken out four-month long downward sloping resistance trendline adjoining April 4 and August 3.
Once the dust settles, markets are expected to hit new highs, as many of the signals are positive
Auto stocks have outperformed in the last couple of months and have been continuing the positive momentum. Escorts Kubota has recently seen a gradual upmove after a corrective phase and the volumes have now increased along with the price upmove which is a positive sign.