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 consolidate, but overall, the trend remains favourable for bulls. Below are some short-term trading ideas to consider.
The consolidation is expected to continue, with benchmark indices likely finding support at the 50-day EMA. Below are some short-term trading ideas to consider.
The market is expected to trade with a positive bias, albeit within a likely rangebound zone. Below are some short-term trading ideas to consider.
Experts suggest that the Nifty 50 is likely to find support at 24,100, and below this, the 24,000-23,900 zone will be crucial to watch. However, resistance is expected at 24,300 on the higher side. Here are some trading ideas for the near term.
Hindustan Aeronautics extended uptrend for third consecutive session with above average volumes, after forming a bottom around Rs 2,914 last week. The stock has formed long bullish candlestick pattern on the daily timeframe.
Oberoi Realty seems to be breaking out from a bullish Inverse Head and Shoulders pattern which emerged following a corrective move. The stock has crossed above the 200-DMA (daily moving average) which stands at Rs 876 and this DMA was almost acting as a proxy neckline for this formation.
Campus Activewear has reported more than 6 percent gains for yet another session, rising 6.5 percent to Rs 420. The stock has formed long bullish candle on the daily charts with healthy volumes for second day in a row, closing above 50-day EMA (exponential moving average).
"Hold on to existing positions in Metropolis Healthcare if any but fresh longs are not advisable at the current juncture until there's a strong follow-up momentum with high volumes."
After March quarter earnings and recent correction in stock prices, many stocks got an upgrade in rating from brokerages
Majority of experts started advising clients to accumulate quality stocks in a gradual manner with a long term view
Hence every expert on the street advised buying quality stocks in a gradual manner instead of bulk purchases and waiting for the market bottom which no one has found yet in the history.
The Nifty Midcap and Smallcap indices rallied nearly 7 percent and 10 percent in March, and since February 19, both indices surged 11 percent and 15 percent respectively.
Kotak advises buying Adani Ports with a target price at Rs 390 as it believes that the company is better placed to benefit from the uptick in gateway and transshipment volumes
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
Morgan Stanley feels APA with US Internal Revenue Service could positively impact FY19/20 EPS by up to 1 percent. The research house has Equalweight rating on the stock with target at Rs 1,028 per share.
According o Prakash Gaba of prakashgaba.com, one may hold Gujarat Pipavav Port.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Titan Company with a target of Rs 855.
Vijay Chopra of enochventures.com advices buying Sun Pharma with a target of Rs 530.
Asian Paints, HCL Tech and Glenmark Pharma, among others, are on the radar of analysts today.
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Bank of America Merrill Lynch downgraded Idea to underperform from neutral with target at Rs 69 per share. It expects sustained weakness in revenue led by slowing revenue growth as near-term earnings to be hit by demonetisation.
Nomura has reduced rating on Adani Ports due to weak free cash flow outlook with target cut to Rs 234 from Rs 258 per share as it sees near-term volume to be impacted from demonetisation.