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
If the index breaks 19,300, then it may get the next support around 19,000, whereas on the higher side, 19,600-19,650 is expected to be a crucial hurdle in the near term, experts said
The 20-day moving average (20-DMA), which aligns with the 19,500 level, is crucial for Nifty as it serves as a critical support level.
Once the dust settles, markets are expected to hit new highs, as many of the signals are positive
Nifty snapped its two-day winning streak on the back of weak global cues to close with a loss of 129 points at 12,119.
Nifty has formed opening bearish Marubozu candlestick pattern on the weekly timeframe that implies bearish sentiment. This month's pivot point is placed around 11,839 and S1 level is around 11,574
We believe that, short term trend in the Nifty is still bullish and it is likely to find support around 10,400 odd levels.
Rajesh Agarwal of AUM Capital recommends buying Repco Home Finance with stop loss at Rs 398 and target of Rs 425, Mahanagar Gas with stop loss at Rs 848 and target of Rs 873 and Triveni Engineering with stop loss at Rs 52 and target of Rs 58.
Prabhudas Lilladher says that the current volatility should be used as an opportunity accumulate fundamentally strong stocks for long term.
HDFC Securities has selected the stock on two criteria – capital preservation (for now) and alpha generation (for later).
Rajesh Agarwal of AUM Capital recommends buying ICICI Bank with stop loss at Rs 320 and target of Rs 335, Hindustan Oil Exploration with stop loss at Rs 138 and target of Rs 146 and Torrent Pharma with stop loss at Rs 1580 and target of Rs 1630.
Rajesh Agarwal of AUM Capital recommends buying Hindustan Oil Exploration with stop loss at Rs 140 and target of Rs 149, Marksans Pharma with stop loss at Rs 31 and target of Rs 37 and Liberty Shoes with stop loss at Rs 206 and target of Rs 233.
Traders can accumulate the stock in a range of Rs 135-137 levels for the target of Rs 152 and a stop loss below Rs 125.
Here is a list of top three stocks which could give up to 13% return in the short term.
"The momentum indicators and oscillators like MACD and RSI are also showing strength in the stock. Therefore, we recommend buying HOEC for the upside target of Rs 128, keeping a stop loss below at Rs 110," says Nandish Shah of HDFC Securities.
Rajat Bose of rajatkbose.com recommends buying Jubilant Food, HOEC, OIL and HDFC Bank.
Vijay Chopra of enochventures.com is of the view that one may exit HOEC on rallies.
Instead of looking at the Index, investors should focus more on stock specific opportunities and if you look for them, there are plenty available.
Ruchit Jain of Angel Broking advises buying Jubilant Lifescience with a target of Rs 724.
Vishal Malkan of malkansview.com recommends buying Vedanta with a target of Rs 328 and Bata India with a target of Rs 720.
Vishal Malkan of malkansview.com advises buying Apollo Tyres with a target of Rs 270.
Ashwani Gujral of ashwanigujral.com suggests buying GAIL India, Hindustan Oil Exploration Company and Sundram Fasteners.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Rajat Bose of rajatkbose.com is of the view that one can buy GATI and Hindustan Oil Exploration Company.
Sameet Chavan of Angel Broking advises buying Canara Bank with a target of Rs 208.
Dharmesh Kant of India Nivesh Securities advises buying LIC Housing Finance with a target of Rs 540.