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 needs a close above short-term moving averages for an upward journey; until then, consolidation may continue. Below are some short-term trading ideas to consider.
The market may consolidate before showing further upward movement in the coming sessions. Below are some trading ideas for the near term.
Immediate support for Nifty 50 is positioned at 22,000; and a decisive drop below this level could lead the index towards 21,700
Steel Authority of India continued making higher highs, higher lows formation for four days in a row. The stock has formed robust bullish candlestick pattern on the daily scale and traded well above all key moving averages.
BPCL was also in action, rising 2.35 percent to Rs 360 and formed bullish candle with long lower shadow on the daily charts, indicating support-based buying in the stock. The trading volumes remained strong in last three days, with the stock coming back above all key moving averages.
Indoco Remedies shares rallied more than 7 percent to Rs 415.35 and formed long bullish candle on the daily charts with strong volumes. Overall it has seen a good run up after breaking out long downward sloping resistance trend line adjoining August 12, 2021 and August 3, 2022.
Experts feel the market is expected to face resistance at the 17,500 level, but may find it difficult to decisively cross it. They advise caution at current levels and a stock-specific approach.
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
Gaurav Dua of Sharekhan expects double-digit returns in CY2021 through with some hurdles in the journey.
Various measure taken by the government and ‘unlocking ‘ of the economic activity has made brokerages confident of an economic recovery and they have been upgrading stocks.
Most experts see FII flows moving towards few largecaps in coming year also
We believe that the Nifty can witness a follow-through buying in the coming sessions towards 11,780-11,800 mark while on the downside 11,600-11,550 level will act as strong support for the index.
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
Global brokerage house Citi expects double digit growth for current financial year (FY19) but with some downgrade risks.
Here is the list of 10 stocks that can give up to 76 percent return.
Citi said it has maintained Indraprastha Gas as its preferred long-term pick and Gujarat State Petronet remained its preferred near-term pick while it stayed constructive on Gujarat Gas & Petronet LNG. However, it has a sell call on Mahanagar Gas.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB, Can Fin Homes and Capital First and can buy Hero MotoCorp and Ajanta Pharma.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Mahindra & Mahindra Financial Services and buy Sun Pharmaceutical Industries, Tata Steel, Voltas and Page Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cadila Healthcare, Ashok Leyland and Hindustan Zinc and can sell Equitas Holdings and ITC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy V-Guard Industries, ICICI Prudential Life Insurance Company, Indraprastha Gas and IFB Industries and can short Reliance Infra.
Moneycontrol ran an analysis of companies which generated consistently double-digit growth in cash flows in the last four fiscal years.
Over the last ten years, even when there have been headwinds, investors have been rewarded with their bets returning higher margins. Moneycontrol analysed the financial data of companies over the last decade, filtering them by their profit margin.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, National Aluminium Company, Dr Reddy's Laboratories and Gujarat State Petronet Limited and can sell Jet Airways and Mahindra & Mahindra.
Sameet Chavan of Angel Broking advises selling NCC with a target of Rs 77.
Ashwani Gujral of ashwanigujral.com suggests buying NMDC, Jindal Steel & Power and Oil and Natural Gas Corporation.