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 consolidation is expected to continue as long as the frontline indices trade below the 50-day EMA. Below are some short-term trading ideas to consider.
Bulls appear to be in healthy momentum and may continue driving the market rally further. Below are some short-term trading ideas to consider.
The consolidation is likely to continue until the benchmark indices decisively break the tight range of the past four days on either side. 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 consolidation in the market is expected to continue, with a focus on stock-specific action amid the earnings season. Below are some trading ideas for the near term.
Moneycontrol collated a list of top 10 rate sensitive stocks from experts with a 3-4-week perspective.
The market is likely to extend its southward journey if it fails to hold the previous day's low. Until then, consolidation can't be ruled out. Below are some trading ideas for the near term.
HDFC AMC recorded more than 3 percent gains to Rs 3,894.65, which is near the record closing high of Rs 3,903.85 of February 27 this year. The stock has formed bullish candlestick pattern on the daily charts with significantly higher volumes.
Looking forward, the immediate resistance for Nifty is identified at the record high level of 21,834, with an additional resistance level at 22,000. On the downside, crucial support levels are recognized at 21,330 and 20,975.
HDFC AMC formed long bullish candlestick pattern on the daily scale with above average volumes. The stock traded above all key moving averages and recorded gains in eight out of nine consecutive months.
The next targets for the Nifty50 to watch out for would be 20,500-21,000 in the short term, considering the strong momentum sustained through the last seven sessions with participation from bank and IT stocks
Considering the strong momentum, the index is likely to march towards 20,000 milestone in coming days, provided its holds 19,700-19,800 area, while the crucial support remains at 19,600-19,500 levels, experts said
The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.
The momentum indicator RSI has sustained above the 65 level on all the time frames like daily, weekly and monthly indicating strong positive momentum of the index.
Indiabulls Housing Finance has given a nice consolidation breakout and jumped over 6 percent to Rs 123.4, the highest closing level since January 25 this year, with healthy volumes. The stock has formed long bullish candlestick pattern on the daily scale and closed above 200-day EMA.
HDFC AMC has formed healthy bullish candlestick pattern on the daily charts with above average volumes, after Tweezer Bottom candlestick pattern formation in previous session, which is generally a short-term bullish reversal pattern. The stock climbed 5 percent to Rs 1,856 on the NSE.
HDFC AMC shares rallied 5 percent, the biggest single day gains August 16 last year, to close at Rs 1,764 and formed long bullish candle on the daily charts with above average volumes.
Recently HDFC AMC has witnessed a breakout of the Falling channel and again reclaims the upper band of the pattern indicating immediate support & bullish set-up in the counter.
HDFC AMC surged 11.5 percent to Rs 2,181, the highest closing since April 18, and formed large bullish candlestick pattern which resembles Bullish Engulfing kind of pattern formation on the daily charts with robust volumes. The stock has strongly broken out four-month long downward sloping resistance trendline adjoining April 4 and August 3.
The price configuration on daily chart depicts a bullish 'Cup and Handle' pattern in HDFC AMC, and since its backed by decent volumes, we recommend buying this stock for a trading target of Rs 235. The stop-loss can be placed at Rs 208.40.
The index is likely to trade in the 16,800-17,800 range as the maximum put and call option additions are seen there for the Sept 30 expiry. Meanwhile, Escorts, HDFC AMC and HDFC Bank look promising short-term buys.
Support for Nifty is placed at the lower band of the rising channel pattern which is placed near 17,000 on the daily timeframe, said Rohan Patil of Bonanza Portfolio
November was a historical month for our markets as we saw two key indices, Nifty and Bank Nifty clocking sizable gains over 11 percent and 23 percent, respectively.
Given that India will remain a growth market in the long-term one cannot neglect growth stocks for a prolonged period of time, Jyoti Roy advised.
Bank Nifty index has key support in the range of 20,800-21,000 levels and the positive views will be negated if it breaches 20,400 on the downside.