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 uptrend is expected to strengthen if the frontline indices decisively surpass short- and medium-term moving averages. Below are some short-term trading ideas to consider.
The market is expected to continue its rangebound trading in the upcoming sessions amid the ongoing Middle East conflict. Below are some short-term trading ideas to consider.
The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled out. Below are some short-term trading ideas to consider.
The market may extend gains amid likely consolidation. Below are some trading ideas for the near term.
The market is expected to continue its northward journey. Below are some trading ideas for the near term.
The market may consolidate before showing further upward movement in the coming sessions. Below are some trading ideas for the near term.
The Nifty 50 needs to give a decisive close above 24,200 for a further northward journey towards 24,500, with support at 24,000. Here are some trading ideas for the near term.
Glenmark Pharma formed bullish candlestick pattern on the daily scale with above average volumes. The stock showed nice recovery in last four days after falling closer to 200-day EMA, and now traded above all key moving averages.
Glenmark Pharma hit the highest level since 2017. The stock has formed long bullish candlestick pattern on the daily timeframe with strong volumes, and traded above all key moving averages.
In the near term, given the RSI at overbought zone levels and PCR (Put-Call ratio) reached 1.5 mark, the consolidation or some pull back can't be ruled out, experts said.
Glenmark Pharma was the biggest gainer not only in the Nifty500 index but also amongst F&O stocks. The stock has formed strong bullish candlestick pattern on the daily scale, with trading above all key moving averages.
The Nifty Index is currently entrenched in a compelling bullish trend, with the potential to advance toward the 20,604 levels in the short to medium term.
The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.
Triveni Engineering climbed 5.6 percent to Rs 293, December 22 last year, and formed robust bullish candlestick pattern on the daily scale, with above average volumes. The stock has seen a decisive breakout after a consolidation since the start of this calendar year.
Trent had seen an ‘Impulsive’ upmove in the month of February which was followed by a consolidation phase in last one month. The prices have now given a breakout from this consolidation indicating a continuation of its short term uptrend.
NCC is in a classical uptrend and witnessed a breakout out of an ascending triangle formation, then retested its breakout level and resumed its uptrend.
PNB Housing Finance has formed long bearish candlestick pattern on the daily scale after breaking down bearish Flag and Pole pattern, generally indicating may be more weakness going ahead. Further it has decisively fallen below 200-day EMA (Rs 481) as well, though trading volume was slightly below average.
Primary trend remains positive as Rail Vikas Nigam is trading above its 200-day EMA. Momentum indicators and oscillators are showing strength in the stock.
Glenmark Pharma is on the verge of a breakout from a long consolidation period. The stock has also witnessed a fresh, built-up position in the F&O space.
Rising cases of Covid infection in several countries, fear of further tightening of key policy rates by the Federal Reserve, and a growth threat of recession-like situation pose challenges for markets around the world
Biocon shares gained 3.5 percent at Rs 271 and formed long bullish candle on the daily charts with robust volumes. Also there was Morning Star kind of pattern formation, which is generally called as a bullish reversal pattern formed in an downtrend.
On the indicator front, daily MACD displays bullish divergence on the histogram and its respective lines. Daily DMI’s are positive and advancing its structure further adding strength to Advanced Enzyme Technologies.
Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range
Dr Lal PathLabs shares gained 1.7 percent to Rs 2,694.35, continuing uptrend for the seventh consecutive session. It has seen formation of bullish candle on the daily charts with higher high higher low formation for seven straight sessions, and has given a breakout of downward sloping resistance trend line adjoining April 8 and August 26.
The Nifty50 index is now more than 18 percent up from its June lows and is gradually gathering steam to reclaim 18,000 mark with crucial support at 17,500, experts said