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
Nifty formed a Bullish Engulfing Candlestick pattern on the daily chart. The move came after the index found support around its 50-DMA of 11680 levels.
Credit Suisse also maintained outperform rating on the stock, but slashed price target to Rs 920 from Rs 1,060 after cutting FY20/FY21 earnings estimates by 15% on lower tractor volumes.
Among sectors, FMCG, IT, pharma lost more than 2 percent, while metal and energy index seen some buying.
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
Sudarshan Sukhani of s2analytics.com recommends buying Hexaware Tech with stop loss at Rs 352 and target of Rs 368, Tata Consultancy Services with stop loss at Rs 1995 and target of Rs 2070 and ICICI Prudential Life Insurance with stop loss at Rs 354 and target of Rs 370.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 810, target of Rs 845, Ujjivan Financial Services with a stop loss of Rs 332, target of Rs 347 and L&T Finance Holdings with a stop loss of Rs 146, target of Rs 160.
Higher high- higher low formation continuously over the last 5 weeks supports this medium-term bull hypothesis. This medium-term bull trend key support level is a gap formed between 11,231 and 11,168.
Mitessh Thakkar of mitesshthakkar.com recommends buying ITC around Rs 288 with stop loss of Rs 284 and target of Rs 296 and Larsen & Toubro around Rs 1340 - 1345 with stop loss of Rs 1325 and target of Rs 1390.
Mitessh Thakkar of mitesshthakkar.com recommends buying Interglobe Aviation with a stop loss of Rs 1204 and target of Rs 1270, Jubilat Foodworks around Rs 1320 with stop loss of Rs 1299 and target of Rs 1365 and Reliance Industries with a stop loss of Rs 1246 and target of Rs 1300.
Sudarshan Sukhani of s2analytics.com recommends selling Repco Home Finance with stop loss at Rs 390 and target of Rs 370, Mahindra & Mahindra with stop loss at Rs 695 and target of Rs 665 and JSW Steel with stop loss at Rs 269 and target of Rs 258.
We would rate it at 5 given the backdrop in which the budget is being presented; the Budget is expansionary without breaking the bank.
The Interim Budget for FY20 is likely to forecast a fiscal deficit of 3.3 percent of GDP whilst the actual fiscal deficit is likely to be 3.5 percent of GDP for FY20, suggest experts
On the daily chart, there is crossover of important exponential moving averages which suggest stock is heading towards fresh directional move.
In coming days, 100-day Moving Average (10,856) will act as a major resistance as bulls have failed to surpass it thrice. Decisive breakout of the level could result in fresh move till 10,980
The scrip witnessed a decent volume growth during the same period and formed a small bullish candlestick pattern on both weekly and daily price charts.
Traders can accumulate the stock in a range of Rs 710-720 for the upside target of Rs 785 levels and a stop loss below Rs 660, says Shitij Gandhi of SMC Global Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Escorts with a stop loss of Rs 706 and target of Rs 745, HDFC with a stop loss of Rs 1982 and target of Rs 2060 and HDFC Bank with a stop loss of Rs 2132 and target of Rs 2185.
Rajesh Agarwal of AUM Capital recommends buying Monte Carlo Fashions with stop loss at Rs 380 and target of Rs 400, Escorts with stop loss at Rs 694 and target of Rs 720 and Strides Pharma Science with stop loss at Rs 469 and target of Rs 505.
Rajesh Agarwal of AUM Capital recommends buying Max Financial Services with stop loss at Rs 437 and target of Rs 462, Escorts with stop loss at Rs 685 and target of Rs 708 and TVS Motor Company with stop loss at Rs 539 and target of Rs 563.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance with a stop loss of Rs 2414 and target of Rs 2490, Escorts with a stop loss of Rs 678 and target of Rs 718 and Balkrishna Industries with a stop loss of Rs 972 and target of Rs 1022.
Traders should book profit on any bounce towards 10,800 and maintain few shorts also. In the case of decline, 10,350-10,500 zone would act as support
Valuation of the broad market continues to be on the higher side and needs to settle as earnings growth is likely to downgrade further, says Vinod Nair of Geojit Financial Services.
Prabhudas Lilladher says that the current volatility should be used as an opportunity accumulate fundamentally strong stocks for long term.
Midcap and smallcap indices gained 7.3 percent and 6.3 percent, respectively.
Sudarshan Sukhani of s2analytics.com suggests buying KPIT Technologies with stop loss at Rs 216 and target of Rs 228, Siemens with stop loss at Rs 910 and target of Rs 970 and Colgate Palmolive with stop loss at Rs 1100 and target of Rs 1150.