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 may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
The market is likely to maintain a positive bias in the upcoming session. Below are some short-term trading ideas to consider.
The market is expected to continue rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
FACT formed strong bullish candlestick pattern on the daily timeframe, with above average volumes. Also, the stock traded well above all key moving averages, which is a positive sign.
Bank of Baroda shares climbed 4.6 percent to Rs 199.10, the highest closing level since August 21, 2015, and formed long bullish candlestick pattern on the daily timeframe for yet another session. The stock has made higher high, higher low formation, with above average volumes.
The overall structure of HBL Power Systems looks lucrative as it trades above its all-important moving averages.
Divis Laboratories shares jumped 10 percent to Rs 3,212, the highest closing level since February 2, and formed strong bullish candle on the daily charts with robust volumes. The strong rally has taken the stock above 50 and 100-day EMA).
Finolex Cables was also in action, rising 5 percent to Rs 586.7 and formed a long bullish candle on the daily charts with above average volumes. The stock has seen a breakout of small downward sloping resistance trend line adjoining November 30 and December 13, 2022, and a long downward sloping resistance trend line adjoining November 22, 2021, and December 13, 2022.
RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside.
The banking index remains in a buy-on-dip mode as long as the mentioned support levels are held. The momentum oscillators are in the buy zone which will confirm the strength of the index.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may sell SREI Infra Future with a target of Rs 94.20.
Here are top 10 stocks to focus on February 25 - Kotak Mahindra Bank, HDFC, Dewan Housing, Bharat Forge, Madras Fertiliser, Fertilisers & Chemicals Travancore, Jubilant Food, SpiceJet, Rolta and Bharat Electronics.