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
On the Nifty, 19,400-19,300 is likely to cushion any short-term blip, while the sacrosanct support lies around the bullish gap of 19,200 in the comparable period.
The structure of Hero MotoCorp looks very impressionable for long-term investors, as it has experienced a breakout of a W-formation on the weekly timeframe.
The 18,200-18,250 range could be crucial on the higher side which can take the index above 18,500-18,600 levels, but falling below 18,000 levels can drag the index up to 17,800, while 17,500 would be a critical hurdle going ahead, experts feel
Sameet believes traders can find ample opportunities in the beaten spaces and for investors, this decline would provide opportunity to accumulate quality stocks in a staggered manner.
On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series
Hero MotoCorp has been muted since last eighteen months now and although the picture has not completely changed as of now, we can see some early signs of revival.
Hero MotoCorp is trading above its 21, 50 & 100 days exponential moving averages on weekly & daily time frame, which is positive for the prices in the to the mid to long term.
After a recent low touched on June 20, the index has rallied nearly 11 percent and from March lows, it has risen more than 29 percent, which has been the highest among sectors. The rally has been on the back of a decline in metal prices, the key raw material used by the sector.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
If the index shows any recovery, then there could be resistance around 15,400-15,500 area, whereas it could find support around 15,200-15,000 levels, and breaking of which could create some panic in the market, experts say
Livelihood of almost 60 percent of the country’s population depends on agriculture
Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days
From the two-wheeler space, we have been closely tracking 'Hero MotoCorp' as it maintained its sturdy structure by showing series of higher highs higher lows. With Friday's upsurge, the stock prices finally managed to traverse the '200-day SMA' (Rs 2,600) for the first time after March 2021.
ITC has shown a relative outperformance within the FMCG space in last few weeks. In spite of the market correction in last week, this stock has managed to give positive returns and the '20 DEMA' has been acting as a support
Power Grid Corporation of India is in a strong uptrend across all timeframes and is approaching an all-time high breakout of Rs 241
On May 6, Hero MotoCorp saw a smart surge despite the selloff in the market. The stock has confirmed a higher top, higher bottom formation on the daily chart
Jai Corp has reached the momentum phase and could continue to add gains in the days to come. Stock has also broken out from the downward sloping trend line on the weekly charts.
Indian two-wheeler companies are currently undergoing one of the worst down cycles in their history.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
Traders are advised to stay light on positions and even if the market attempts to recover, one should avoid aggressive longs till the time 17,700 is not surpassed, says Sameet Chavan of Angel One.
Do an exercise and calculate the returns that you would have made by picking up these same auto stocks at the peak of the issues in the second half of 2018. The results would surprise you.
While a status quo on rates was expected, the equity market cheered the continuity in the monetary policy stance of the RBI MPC.
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
Key support levels for Nifty are 17,254 (2-week low) and 16,722 (gap support). On the upside, key resistance levels are 18,111 (50 percent extension level of the rise from 7,511-15,431, projected from 14,151), said Vidnyan Sawant of GEPL Capital.
Here are three buy calls which can be bought for the next three-four weeks, said Rohan Patil of Bonanza Portfolio