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 trend is likely to be upward despite consolidation (if any), as frontline indices now trade above all key moving averages. Below are some short-term trading ideas to consider.
The positive trend is expected to continue, as technical and momentum indicators signaled a bullish bias. Below are some short-term trading ideas to consider.
The market is expected to see further weakness if it decisively breaks the previous day's low. Below are some short-term trading ideas to consider.
The consolidation is expected to continue in the upcoming sessions until the benchmark indices give a decisive close above the February swing high. Below are some trading ideas for the near term.
The momentum is likely to sustain amid possible range-bound trading. Below are some trading ideas for the near term.
The market may continue its upward journey amid likely consolidation. Below are some trading ideas for the near term.
The Nifty 50 is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the near term.
The FIIs long-short ratio in index futures, at around 32 percent, suggests an oversold market nearing a potential rebound.
Ashok Leyland formed long bullish candlestick pattern on the daily charts. The stock has formed Tweezer Bottom kind of candlestick pattern, the bullish reversal pattern, and traded above all key moving averages.
Hindustan Aeronautics has also given a healthy breakout after couple of weeks of consolidation. The stock has formed bullish candlestick pattern on the daily timeframe with above average volumes, while trading above all key moving averages.
Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle
Hindustan Aeronautics extended uptrend for third consecutive session with above average volumes, after forming a bottom around Rs 2,914 last week. The stock has formed long bullish candlestick pattern on the daily timeframe.
The Nifty 50 is expected to take a support at 22,050-22,000, with immediate resistance at 22,350.
State Bank of India formed bullish candlestick pattern with long upper shadow on the daily charts, with significantly higher volumes for yet another session. In previous session, there was a horizontal resistance trendline breakout.
Here's what experts recommend investors should do with these stocks when the market resumes trading on Budget day.
The strength in bulls can be confirmed in case the Nifty goes above 19,450/19,460 levels, similarly for Bank Nifty the same can be seen above 44,000/44,100 zone.
Suprajit Engineering now for the first time has got into formation of the Higher high & Higher Low post the Rally from January 2022. This illustrates the positive undertone of the prices.
ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
Union Bank of India shares gained 4.7 percent to close at Rs 66, forming long bullish candle on the daily charts with above average volumes. The stock closed above the median of Monday's red candle, may be indicating positive mood.
MRPL has bottomed out at Rs 40 levels with double bottom price formation and currently sustaining at multi-year high with strong volume support on the weekly charts.
Though Hindustan Aeronautics looks lucrative at current levels, one should wait as HAL is trading near its previous tops.
The bullish momentum can take the Nifty towards 17,019. If the index goes past this level, it can head to 17,799, says Karan Pai of GEPL Capital
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
YES Bank, Adani Enterprises, PI Industries, Hind Aeronautics and Jubilant FoodWorks are the stocks that have a high probability of being included in the largecap category from the midcap category.
Long-term investors should pick their favourite mid and smallcap shares gradually over the next few months, experts say.