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
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems with a stop loss of Rs 168, target of Rs 180, Voltas with a stop loss of Rs 536, target of Rs 560 and Kotak Mahindra Bank with a stop loss of Rs 1120, target of Rs 1165.
Ashwani Gujral of ashwanigujral.com advises buying Adani Enterprises with a stoploss of Rs 148 and target of Rs 160.
Sudarshan Sukhani of s2analytics.com suggests buying Apollo Hospitals with stop loss at Rs 1070 and target of Rs 1120, Aurobindo Pharma with stop loss at Rs 740 and target of Rs 794 and Tata Consultancy Services with stop loss at Rs 2050 and target of Rs 2200.
Sudarshan Sukhani of s2analytics.com suggests selling Bharti Infratel with stop loss at Rs 270 and target of Rs 261, IRB Infra with stop loss at Rs 178 and target of Rs 168 and Jet Airways with stop loss at Rs 270 and target of Rs 255.
Traders can accumulate the stock in range of Rs 620-630 for the target of Rs 690 and a stop loss below Rs 580, says Shitij Gandhi of SMC Global Securities.
“11,320-11,300 spot is strong support zone for the Nifty and the current trend is likely to continue towards 11,500-11,550 levels,” says Shitij Gandhi of SMC Global Securities
Rajesh Agarwal of AUM Capital recommends buying Hindustan Oil Exploration with stop loss at Rs 140 and target of Rs 149, Marksans Pharma with stop loss at Rs 31 and target of Rs 37 and Liberty Shoes with stop loss at Rs 206 and target of Rs 233.
As long as the Nifty holds above 11,260 levels, Ashish Chaturmohta of Sanctum Wealth Management expects the index to head towards 11,470 levels
Oscillators are showing strength in the current market upswing. The Nifty is currently placed above all important moving average parameters indicating a bullish trend on all timeframes.
Rajesh Agarwal of AUM Capital recommends buying Axis Bank with stop loss at Rs 558 and target of Rs 585, BEML with stop loss at Rs 880 and target of Rs 918 and Chennai Petroleum Corporation with stop loss at Rs 303 and target of Rs 334.
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 161 and target of Rs 171, NBCC (India) with stop loss at Rs 67 and target of Rs 75 and Jindal Steel & Power with stop loss at Rs 198 and target of Rs 212.
The stock can be bought at current level and on dips to Rs 607 with a stop loss below Rs 585 for a target of Rs 700, says Ashish Chaturmohta of Sanctum Wealth Management.
Ashish Chaturmohta of Sanctum Wealth Management said as long as Nifty trades below 10,640 levels, we expect the market to retest 10,550 levels which is an important support level for the market.
Gaurav Ratnaparkhi of Sharekhan said from trading perspective, one can look to initiate short position, with reversal above 10,805 i.e. the high point of the recent impulsive fall.
The stock can be bought at current levels and on dips to Rs 607 with a stop loss below Rs 585 for a target of Rs 700 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Though the Nifty managed to close above the resistance zone of 10,760-10,770, it has formed Gravestone Doji candlestick pattern on the daily chart which is a reversal pattern.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Motherson Sumi with a target of Rs 290.
Mitessh Thakkar of miteshthacker.com recommends buying Castrol India with a stop loss of Rs 203.50 and target of Rs 214 and Cholamandalam Investment with a stop loss of Rs 1427 and target of Rs 1485.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Godrej Industries and can buy Larsen & Toubro, Infosys and NTPC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and Godrej Industries and can hold Tata Elxsi and can sell LIC Housing Finance and PSU banks.
Sandeep Wagle of powermywealth.com recommends selling Kotak Mahindra Bank and Godrej Industries.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Jet Airways with a target of Rs 795.
Mitessh Thakkar of miteshthacker.com suggests buying Reliance Industries, Majesco, BHEL and Godrej Industries.
Ashwani Gujral of ashwanigujral.com recommends buying United Breweries, Sonata Software, Capital First, Kolte Patil Developers, BHEL and Godrej Industries.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Uflex and Delta Corp.