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 with range-bound trading may continue over the next couple of sessions. Below are some short-term trading ideas to consider.
Consolidation is expected to continue in the market due to a lack of triggers. Below are some short-term trading ideas to consider.
The consolidation phase is likely to continue until the index shows a strong and sustainable close above short-term moving averages. Below are some short-term trading ideas to consider.
After a consistent five-day rally, the market may consolidate, though the overall trend remains positive. Below are some trading ideas for the near term.
The market needs to record a strong follow-up rally to confirm the change in trend. Until then, it seems to be in a consolidation phase. Below are some trading ideas for the near term.
The market may attempt a bounce back considering the oversold conditions, but it is unlikely to sustain the same. Below are some trading ideas for the near term.
Further downward movement seems possible in the market in the upcoming sessions. Below are some trading ideas for the near term.
The trend is likely to be in favour of bulls, but the Nifty 50 needs to hold above all key moving averages for a sustainable rally. Below are some trading ideas for the near term.
The Nifty 50 may extend its upward trend in the upcoming session but overall remains consolidative. Below are some trading ideas for the near term.
The Nifty 50 may see further selling pressure in the upcoming session, given the negative sentiment. Below are some trading ideas for the near term.
The market is expected to be volatile and rangebound in the upcoming sessions, supported by an upward-sloping trendline. Below are some trading ideas for the near term.
Volatility is expected to continue in the market, with support at the current week's low. Below are some trading ideas for the near term.
A further northward journey is likely to be seen in the Nifty 50, though it may be accompanied by consolidation. Below are some trading ideas for the near term.
Experts expect the momentum to sustain in the coming weeks, too, with immediate resistance at 22,500-22,600, followed by the medium-term target of 23,000, provided it holds the upward sloping resistance trendline
Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.
Sona BLW Precision Forgings has seen a breakout of falling resistance trendline adjoining multiple touchpoints and formed strong bullish candlestick pattern on the daily scale.
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
Experts expect the Nifty to hit 21,500-22,000 points in coming months. The Nifty has formed bullish candlestick pattern with long lower shadow on the daily charts on December 5, indicating buying interest at lower levels.
Hindalco Industries has seen a breakout of downward sloping resistance trendline adjoining highs of January 18, September 4 and September 12, with a strong volumes, which is a positive sign.
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
Going ahead, the recent high of 18,662 would remain an immediate trigger for the bulls. A sustainable move above the same might result in a new life high for the Nifty50.
The next support is placed at 200-day SMA of 17,368, which coincides with Budget day's low, as breaking this may drag the Nifty towards 17,000 level, whereas the near-term resistance is expected at 17,600 followed by 17,700-17,800
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
Hindalco Industries has given a breakout of Ascending Triangle pattern on the weekly time frame. The RSI plotted on the weekly and the daily time frame can be seen placed above the 55 mark, indicating expanding bullish momentum in the prices.
Given the subdued environment, the index may touch its August lows of around 17,150 and if that gets broken, then falling below psychological 17,000 mark can't be ruled out in coming sessions, with hurdle on the upside at 17,700-17,800 levels