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
Consolidation is likely to continue, with the indices attempting to defend the previous Thursday’s low in the upcoming session. Below are some short-term trading ideas to consider.
The overall trend looks positive for the Nifty Index, street expects the prices to move higher till 18887 followed by 19055 levels in the coming weeks.
The momentum can take the Nifty50 towards 18,500-18,700 in coming sessions, if it sustains 18,200 mark which can be near term support, followed by 18,000 being crucial support, experts said
Grindwell Norton rose 2.6 percent to Rs 1,894 and formed bullish candle with making higher high higher low for third consecutive session. Also the stock has seen a breakout of downward sloping resistance trend line adjoining December 19, December 21, 2022 and January 3, 2023.
Century Textiles has broken out from the symmetrical triangle on the weekly chart. Primary trend of the stock is positive as it is trading above 20 and 50 and 100 week moving averages.
ICICI Direct says the market correction is an opportunity for investors to add companies with sustainable growth visibility
Traders are advised to stay light on positions and even if the market attempts to recover, one should avoid aggressive longs till the time 17,700 is not surpassed, says Sameet Chavan of Angel One.
Nifty50 has formed a strong hurdle zone near 18,325 levels. If it trades below this level, there could be some more profit booking, said Rohit Singre of LKP Securities
Experts said the momentum is expected to remain in the bulls’ basket but considering the hefty run-up until last week, some amount of profit-booking and consolidation can’t be ruled out
After a phase of strong earnings, lockdown-like restrictions have led to more downgrades than upgrades but analysts and brokerages remain bullish about many stocks, which have been upgraded to a ‘buy’ rating.
Bank Nifty has formed a bearish ABCD harmonic pattern on the daily timeframe which is placed near 200 percent retracement from its previous intermediate low of 20,404 levels.
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
Mayuresh Joshi of Angel Broking is of the view that one may buy Carborundum Universal on declines.
Ashoka Buildcon, Grindwell Norton and Dabur India are on the radar of Anand Rathi Advisory
In an interview to CNBC-TV18, Ambareesh Baliga, Independent Market Expert shared his readings and outlook on specific stocks and sectors.
Ambareesh Baliga, Market Expert is of the view that Grindwell Norton may test Rs 825-850 in 8-9 months.
According to Prakash Diwan of Altamount Capital Management, one may keep Grindwell Norton in portfolio.
In an interview to CNBC-TV18, JN Gupta, founder and managing director of Stakeholders Empowerment Services (SES) and former ED, SEBI spoke about the merger between Grindwell Norton (GNO) and group company Saint-Gobain Sekurit India (SGSIL) failing after shareholders of GNO voted against the resolution to merge the two companies.
Grindwell Norton has target of Rs 350, says Aashish Tater, Fortunewizard.com. The company is available at 13-14 percent of annualised equivalent value. There is a 30-35 percent arbitrage. So, this could be a very safe pick.
Aashish Tater of Fortunewizard.com has picked up Himatsingka Seide and Grindwell Norton as his multibaggers for the day.
Grindwell Norton has target of Rs 350 from next 18 months perspective, says Aashish Tater, Head of Research, Fort Share Broking.
SP Tulsian, sptulsian.com feels that Grindwell Norton can move to about Rs 300 in six to eight months time.