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 market may see rangebound trading until it decisively surpasses and sustains Tuesday's high. Below are some short-term trading ideas to consider.
The bearish sentiment may sustain in the short term, given the weakening momentum. Below are some short-term trading ideas to consider.
The momentum is likely to sustain amid possible range-bound trading. Below are some trading ideas for the near term.
The market might rebound in the upcoming sessions after a correction in the previous week, but there are doubts over the sustainability of the upmove. Below are some trading ideas for the near term.
The market may extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
Voltas has seen a decisive breakout of downward sloping resistance trendline and formed long bullish candlestick pattern on the weekly charts with robust volumes. The stock jumped 8 percent during the week to Rs 928.
Bank of Baroda is trading within the big symmetrical triangle, which adjoins major swing highs and lows since December 2022. The stock is on the verge of breaking out from the symmetrical triangle.
After a medium term price correction, Trident is witnessing rangebound activity. On the higher side, the stock is consistently facing resistance near Rs 58. For the bulls, Rs 58 would be the important breakout level to watch.
Traders can continue with a stock specific approach. "And we may see trades on both sides if Nifty remains in a consolidation mode," says Sameet Chavan of Angel One.
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today
The daily strength indicator RSI and the momentum indicator Stochastic both have turned bullish along with positive crossover which is a positive bias.
Nifty is likely to find immediate resistance in the range of 14,700-14,750 where 5, 10 and 20-day exponential moving averages are placed. It could aim for 14,883-15,000 if it closes above 14,750.
Immediate support for the Nifty is placed around 14,800. Any close below this level would mean that correction could accelerate and Nifty may slide to 14,521-14,600 levels.