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
Paper stocks have been outperforming for last couple of months and sector has been holding strength on medium to long term charts.
Healthcare Global Enterprises has broken out from the horizontal channel on the weekly charts. Price breakout is accompanied by jump in volumes. It is placed above all important moving averages, which indicates bullish trend on all time frames.
On last Thursday, ABB India registered a fresh 52 weeks high of Rs 2,835. In this month so far the stock rallied over 20 percent. Technically, after Rs 2,500 breakout the stock has formed breakout continuation formation. The texture of the chart indicating uptrend formation is likely to continue in the near future.
Traders and investors should continue holding Deepak Nitrite and can expect upside towards Rs 2,400 followed by Rs 2,650. Downside support for the stock is placed at Rs 2,000 levels.
M&M Financial Services, rising 5.5 percent to Rs 162.10, was the biggest gainer in the futures & options (F&O) segment, while Strides Pharma, adding 3.11 percent to Rs 374.85, was the fifth largest gainer.
The stocks from the cash segment did exceedingly well after a lull of nearly four weeks. It’s advisable to focus on such potential movers, said Angel Broking's Sameet Chavan
Last week, Nifty found support on the upward sloping trendline on the weekly charts which indicates that the primary uptrend is still there.
Rising trend lines plotted using earlier swing highs are showing resistance near 14,600-14,800 zone.
In last five years, among main board IPOs, total 7 stocks closed the listing day with more than 100% gains. These include Burger King India, Happiest Minds Technologies and Mrs Bectors Food Specialities
The stock opened at Rs 351 on the BSE, which was also its intraday low, against the issue price of Rs 166.