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
Rajesh Agarwal of AUM Capital recommends buying PVR with stop loss at Rs 1482 and target of Rs 1560, Jubilant Foodworks with stop loss at Rs 1298 and target of Rs 1365 and Godrej Properties with stop loss at Rs 680 and target of Rs 723.
One can take entry in the stock around Rs 3,000 levels with stop loss at Rs 2,900 for the target of Rs 3,350 levels.
Key resistance on the upside is 100-day moving average around 10,950 and mark of 11,085 which is 61.8 percent retracement of 1,700 points fall during September-October, said Shabbir Kayyumi of Narnolia Financial Advisors
Rajesh Agarwal of AUM Capital recommends buying Hero MotoCorp with stop loss at Rs 2890 and target of Rs 2960, Just Dial with stop loss at Rs 497 and target of Rs 528 and Siemens with stop loss at Rs 904 and target of Rs 975.
A further rise in volatility is likely to put pressure on the markets. It needs to move below 17 for the market to move higher, says Ashish Chaturmohta of Sanctum Wealth Management.
Mitessh Thakkar of mitesshthakkar.com suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
The equity market is expected to witness positive momentum for a couple of sessions ahead of festive season, experts said.
Amid global and domestic headwinds, the market is likely to remain volatile and investors should use the current fall to build a portfolio for the next 2-3 years, suggest experts.
Mitessh Thakkar of mitesshthakkar.com suggests selling Bata India with a stop loss of Rs 910 and target of Rs 860 and advises buying Federal Bank with a stop loss of Rs 78.5 and target of Rs 86.
We expect further rebound in markets but the upside also seems capped. The Nifty50 may face hurdle in the 10,550-10,700 zone while 10,100 would continue to act as crucial support
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.
Use the dips in the market to accumulate or buy into quality stocks.
For the coming week, 11210 followed by 11350 would be seen as immediate hurdles, suggest experts
If Bank Nifty settles below 25,900 levels then we will not be surprised to see it targeting towards 24,600 levels
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
Sudarshan Sukhani of s2analytics.com suggests buying Vedanta with a stop loss at Rs 225 and target of Rs 236, United Breweries with a stop loss at Rs 1300 and target of Rs 1360 and Divis Laboratories with a stop loss at Rs 1260 and target of Rs 1320.
Most experts feel that the bull run remains intact but advise traders to remain cautious as the Nifty approaches crucial resistance levels of 11,900-12,000.
With the festive sales period of Onam being a subdued one, coinciding with the floods timeline, Edelweiss said that the impact in near term could be acute.
Having said that, it expects medium and heavy commercial vehicles to report single-digit growth in the month of August.
Ashwani Gujral of ashwanigujral.com advises buying Raymond with a target Rs 780.
Sudarshan Sukhani of s2analytics.com recommends selling Coal India with a stop loss at Rs 264 and target of Rs 255, DLF with a stop loss at Rs 181 and target of Rs 172 and Hindustan Zinc with a stop loss at Rs 272 and target of Rs 263.
Hemang Jani, Head - Advisory, Sharekhan, said any major declines should be used as an opportunity to get into quality names in the consumption and financials space
Vikas Jain of Reliance Securities said the index will find support at its 20-day moving averages placed at 10,800 levels
Depending on the risk profile of investors, experts suggest that dividend-paying stocks could constitute 20-60 percent of one’s portfolio.
Positional traders are advised to buy into this counter for a target of Rs 3,749. A stop loss suggested for the trade is below Rs 3,500, says Mazhar Mohammad of Chartviewindia.in.