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
Should the Nifty 50 fall below the 24,800 level, it could potentially slide further to the 24,600–24,500 range in the coming sessions.
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.
Gujarat Ambuja Exports formed bullish candlestick pattern with long upper shadow on the daily charts. The trading volume was robust, while there was a decisive breakout of long falling resistance trendline, with stock trading above all key moving averages.
Given the technical indicators and market sentiment, Vidnyan Sawant of GEPL Capital anticipates the Nifty to oscillate within the 19,605 to 19,878 range in the coming sessions.
Punjab National Bank traded above all key moving averages, with making higher tops for fifth straight day. The stock gained nearly 4 percent to settle at Rs 52.25, the highest closing level since January 31, 2023, and formed bullish candlestick pattern on the daily charts with above averages volumes.
Gujarat Ambuja Exports experienced a remarkable surge in April after consolidating around multi-month lows of Rs 230. On the daily chart, prices have broken out of a range after a brief pause over the last few sessions.
Jubilant Foodworks has given a breakout of a falling trendline with increase in volume activity. With the breakout the stock formed a strong bullish candle and closed at 2-weeks high level.
JK Paper is showing relative outperformance and touched a new life high in Monday's session. The stock has not corrected irrespective of the weakness in the market and has been moving with higher highs and lows along with volume expansion in the upmove.
Going ahead Malay Thakkar of GEPL Capital expects Gujarat Ambuja Exports to move higher towards Rs 310 followed by Rs 330 levels. A stop-loss of Rs 275 should be maintained on the downside for this setup.
GNFC is in strong uptrend across all timeframes forming a series of higher tops and bottoms. The stock is well-placed above the 20, 50, 100 and 200-day SMA which reconfirmed bullish trend.
Here are top 10 trading ideas by experts for February series, which could return up to 37 percent
Hot Stocks | Tuesday's low of 18,085 is at 9-DMA; below this, 17,950-17,800 will be the next important support level while 17,650 is critical support at any correction, however, every correction is a good buying opportunity, says Santosh Meena of Swastika Investmart
Trade Spotlight | Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
The trend in Nifty may remain bullish to sideways. On the higher end, the rally may extend towards 14,350.
Equirus Securities said uncertainty regarding elections in 2019 might keep markets volatile.
Traders can accumulate the stock in a range of Rs 235-240 for the upside target of Rs 261 and a stop loss below Rs 220, says Shitij Gandhi of SMC Global Securities.
"The stock can be bought at current level and on dips to Rs 275 with a stop loss below Rs 264 and a target of Rs 330 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
Here is a list of top 5 stock ideas which could give up to 17% return in the short term.
The overall data is still running negative for the markets and we can see further selling pressure coming into the market which can drag Nifty towards 10100 levels in coming sessions.
Vijay Chopra of enochventures.com is of the view that one may buy Jet Airways with a target of Rs 835.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bombay Burmah Trading Corporation with a target of Rs 1780.
Sameet Chavan of Angel Broking is of the view that one may buy TVS Motor with a target of Rs 322.
Aashish Tater of FortuneWizard.com is of the view that Shree Cements is the top bet and expects a rise by Rs 2000.
Shahina Mukadam, Independent Market Expert advises buying Zee Media Corporation with a target of Rs 24.