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
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
The 10,980-11,000 range will remain a challenging zone for bulls. Technical structure is suggesting that the resistance is getting weaker every time and we could surpass it in days to come.
The index witnessed a bearish candle on the weekly charts and going forward it would be difficult for the index to surpass 11000 levels convincingly in a hurry.
The stock has been trading with the strong support of 21 & 50-days moving average which suggest a positive trend in the stock.
Havells’ manufacturing units are spread over 7 locations in India including Alwar (Rajasthan), Baddi (Himachal Pradesh) and Haridwar (Uttrakhand).
Revenue growth was extremely robust & broad-based, but margin was weak though outlook is for a sharp recovery, said HSBC which expects strong earnings growth momentum to continue in FY20/21
Traders can accumulate the stock in a range of Rs 705-710 for the upside target of Rs 762 and a stop loss below Rs 670.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Biocon with a stop loss of Rs 629 and target of Rs 670 and sell IndusInd Bank around Rs 1525 with stop loss of Rs 1550 and target of Rs 1480.
Ashwani Gujral of ashwanigujral.com suggests selling Ceat with a target of Rs 126.
Prakash Gaba of prakashgaba.com recommends buying Berger Paints with target at Rs 330 and stop loss at Rs 316, Federal Bank with target at Rs 95 and stop loss at Rs 88 and GAIL India with target at Rs 360 and stop loss at Rs 344.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ceat above Rs 1271 with stop loss of Rs 1255 for target of Rs 1300 and Godrej Industries with a stop loss of Rs 546 for target of Rs 565.
Sudarshan Sukhani of s2analytics.com suggests buying L&T Finance Holdings with stop loss at Rs 137 and target of Rs 142, ICICI Bank with stop loss at Rs 353 and target of Rs 363 and TCS with stop loss at Rs 1950 and target of Rs 2030.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
Mitessh Thakkar of mitesshthakkar.com suggests buying Ajanta Pharma with a stop loss of Rs 999 and target of Rs 1050 and Coal India with a stop loss of Rs 282 and target of Rs 296.
The Nifty has immediate and crucial support at 9,950 and its breakdown would further worsen the situation.
Rajesh Agarwal of AUM Capital recommends buying Tata Motors with stop loss at Rs 168 and target of Rs 185 and India Glycols with stop loss at Rs 350 and target of Rs 378.
The trend still remains to be on the downside and the next crucial support for the index is placed at 9950-9800 levels, suggest experts.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
Rising input costs, interest rates and depreciation in rupee is expected to put pressure on Nifty50 company’s margins, says Vinod Nair of Geojit Financial Services.
Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.
Rajesh Agarwal of AUM Capital recommends buying Torrent Power with stop loss at Rs 228 and target of Rs 248, Jubilant Foodworks with stop loss at Rs 1230 and target of Rs 1315 and Graphite India with stop loss at Rs 1010 and target of Rs 1070.
Manali Bhatia of Rudra Shares and Stock Brokers said the upcoming forex reserve data & performance of Brent crude in next week may provide clarity on whether rupee to stabilise or not.
Mitessh Thakkar of mitesshthakkar.com suggests selling Coal India with a stop loss of Rs 271 and target of Rs 255 and advises buying Havells India around Rs 585, with stop loss of Rs 572 for target of Rs 612.
The government raised basic customs duties across air conditioners, refrigerators, washing machines (