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 consolidation is expected to continue until the Nifty 50 delivers a strong close above the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
The benchmark index is expected to be rangebound, with support at Wednesday's low. Below are some trading ideas for the near term.
It's advisable to consider buying opportunities at the support level, targeting potential upside levels ranging from 22,600 to 22,800, says Vidnyan Sawant.
Linde India formed strong bullish candlestick pattern on the daily charts with significantly higher volumes. The stock traded above all key moving averages and continued higher highs, higher lows formation for yet another session.
Linde India has seen a nice breakout of downward sloping resistance trendline adjoining highs of October 12, 2023 and February 19, 2024. The stock formed long bullish candlestick pattern on the daily charts with above average volumes.
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
Godfrey Phillips India continued its uptrend for the fifth consecutive session. Also, it has seen a V-shape recovery, with trading above all key moving averages (20, 50, 100 and 200-day EMA), which is a positive sign.
Given Nifty's overarching bullish tilt and its position adjacent to a strategic support zone, there lies a palpable potential of it rallying towards the 20,000 milestone, provided it surpasses the 19,800 resistance
Considering the present technical cues and prevailing market mood, a breach below 19,490 on the Nifty on a daily close could trigger a correction, possibly extending to 19,300.