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
Brokerages recommend buying Federal Bank, Godrej Industries, Reliance Infrastructure, and Yes Bank.
SP Tulsian of sptulsian.com expects good upside in Federal Bank.
Sharmila Joshi of Peerless Securities advises selling GMR Infrastructure October Future with a target price of Rs 21.15 and Federal Bank October Future with a target price of Rs 281.
According to Pritesh Mehta of IIFL, Federal Bank may face stiff resistance at Rs 310-315 and it could retrace back to Rs 240-250.
Manoj Murlidharan Vayalar of IIFL recommends buying Federal Bank as the stock may move 15-20 percent on the upside.
According to Shahina Mukadam of Varun Capital, one may buy Polaris with a target of Rs 122 and advises selling Federal Bank September futures with a target of Rs 215.
According to Sudarshan Sukhani of s2analytics.com, one may sell Federal Bank as the stock is cracking and may head lower.
Sudarshan Sukhani of s2analytics.com recommends selling Federal Bank as the stock may decline further. "It is the weakest among the banking stocks, he adds.
Shardul Kulkarni, Sr Technical Analyst at Angel Broking is of the view that one may avoid Federal Bank as it will move down further.
Shahina Mukadam of Varun Capital recommends selling JSW Steel today with a target of Rs 480 and advises selling Federal Bank with a day target of Rs 325.
Nooresh Merani of AMSEC Research advised selling Titan Industries for a target price of Rs 250 and buying United Phosphorous for a target price of Rs 135.
Shardul Kulkarni of Angel Broking recommends selling UCO Bank for a target of Rs 50.
One can sell Federal Bank in the range of Rs 380 to Rs 385. Keep a stop loss above Rs 395 on closing basis. My initial target is around Rs 368 and next logical target is Rs 353 in next 10-15 trading sessions, says Rajeev Agarwal of dynamixresearch.in.
"Next week, market volatility is likely to continue over concerns on rupee stability and derivatives expiry. RBI's measures last week coupled with interventions in the currency market through dollar selling have really not made a dent in reversing the trend of rupee depreciation," says Aditya Birla Money.
According to Sudarshan Sukhani of s2analytics.com, one may short Federal Bank as the stock is making new lows.
According to Shahina Mukadam of Varun Capital one may buy Crompton Greaves with a target of Rs 93 and stop loss of Rs 86.50 and advises selling Federal Bank with a target of Rs 394.80 and stop loss at Rs 407.
Sharmila Joshi of Peerless Securities advised buying IRB Infrastructure with a target price of Rs 103 and Polaris with a target price of Rs 116.
Gaurav Ratnaparkhi of Sharekhan says one can buy United Breweries with stop loss of Rs 639 and on the upside Rs 698-700 will be the target area from short-term perspective.
Sudarshan Sukhani of s2analytics.com feels Federal Bank is going down further as it has broken all kind of support levels.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Sudarshan Sukhani, s2analytics.com advises to sell Federal Bank at current levels.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi give top pick for the day.
Federal Bank and JK Bank are looking good, says Ajay Bodke, Prabhudas Lilladher.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, vibranttrades.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Shardul Kulkarni of Angel Broking advises tradres to short State Bank of India (SBI) and ICICI Bank, as charts of the stocks over the past three-four trading sessions are giving bearish signal.