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
Moneycontrol collated a list of the top 10 rate-sensitive stocks, curated by experts with a 3–4-week perspective, following the Reserve Bank of India's decision to maintain the status quo on rates.
After the RBI's Monetary Policy Committee reduced the repo rate by 50 bps to 5.5 percent, Moneycontrol collated a list of top 14 rate-sensitive stocks from experts with a shorter term investment perspective.
The market is expected to consolidate after the two-day rally and may attempt another session of upward movement. Below are some short-term trading ideas to consider.
The market may extend its rally if it decisively clears the previous week’s high in the upcoming sessions. Below are some short-term trading ideas to consider.
The market may climb further amid consolidation, but it is unlikely to break Monday's low soon. Below are some trading ideas for the near term.
The Nifty 50 is expected to maintain its upward momentum, supported by a fall in volatility. Below are some trading ideas for the near term.
Given the volatility, which hit a fresh two-year high at around 24 ahead of the mega event - Lok Sabha election results, the Nifty 50 index is likely to consolidate further with immediate support at 22,800 and then 22,600, whereas 23,000 is expected to be the hurdle on the higher side.
Godrej Properties formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes. The stock now traded above all key moving averages.
Hindustan Copper formed long bullish candlestick pattern on the daily timeframe, with above average volumes. The stock traded above all key moving averages.
The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.
Nykaa has seen a strong breakout after several weeks of consolidation. The stock has seen a formation of long bullish candlestick pattern on the daily charts with healthy volumes.
Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI may also do the same here.
Godrej Properties saw breakout of slightly downward sloping resistance trendline adjoining highs of July 28 and October 11, and formed long bullish candlestick pattern on the daily scale with robust volumes.
The outlook for the Nifty index leans towards a bearish scenario. There is an expectation of further downward movement in the Nifty, potentially reaching down to the 18,460 level if it breaches the 18,830 support.
Escorts Kubota has formed long bullish candlestick pattern on the daily timeframe with robust volumes and has seen a breakout of horizontal resistance trendline adjoining highs of August 30 and September 27.
The overall trend of the Nifty index looks positive till it sustains above 19,562 levels and potential upside would be 19,991 followed by the 20,200 mark.
Avenue Supermarts has seen a strong gap up opening and closing with 5.75 percent gains at Rs 3,918. The stock has formed robust bullish candlestick pattern on the daily scale with healthy volumes. It has seen a breakout of horizontal resistance trendline in the initial trade itself on Thursday.
The market seems to have reacted to the MPC move as the benchmark indices rallied sharply in the previous session to hit the highest level of current calendar year. Today, the Nifty and Sensex turned volatile
Zensar Technologies has seen a strong buying interest, rising 13 percent to Rs 384.15, the highest closing level since April 8 last year, and formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes on last both trading days.
Godrej Properties shares rallied 6.5 percent to Rs 1,125 and formed strong bullish candle on the daily scale with strong volumes, continuing uptrend for fifth consecutive session and recouping all its previous seven straight days' losses.
On Friday, SRF took off sharply to confirm a ‘Bullish Flag’ pattern on daily time frame chart. If we look at the volume activity, it has risen substantially, indicating strong buying interest at lower levels.
Neuland Laboratories shares were locked in 20 percent upper circuit at Rs 1,694, the biggest closing level since December 10, 2021 and formed long bullish candle on the daily charts with strong volumes.
As long as the Nifty trades above 15,500, one should continue to trade with a positive bias and look for stock-specific buying opportunities during the week, says Ruchit Jain, of 5paisa.com
We have collated a list of rate-sensitive stocks that experts say can give 6-20 percent return over the next 3-4 weeks. Returns are calculated based on the closing price of June 7: