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
Indian Hotels seems to be taking support from a strong upwards sloping support trendline on the weekly timeframe from the last 22 months and the stock has broken out of a downwards sloping parallel channel pattern on the daily timeframe which can be used as a confluence towards the bullish view.
HDFC was the biggest gainer in the Nifty50, rising 6 percent to Rs 2,651.70 and formed robust bullish candle on the daily charts with high volumes after consolidation for several sessions. Also it has given a healthy breakout of long downward sloping resistance trend line adjoining November 15, 2021 and November 9, 2022.
The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure
One should avoid trading aggressively till the time market stabilises from this turbulence, Sameet Chavan of Angel One advises
There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said
On weekly chart of HDFC, we saw some sideways action post breakdown happened at Rs 2,400 levels with volume confirmation. Prices have been maintaining lower low, lower high formation. The downtrend was also preceded by Negative direction.
TVS Motor has given a breakout of an Inverted Head & Shoulder pattern on the weekly charts. The stock has sustained at 5 months high, indicating positive undertone of the stock. On the daily charts, the stock is maintaining higher top higher bottom formation.
With the possibility of escalation in tensions in Eastern Europe due to the Russia-Ukraine war keeping investors edgy, the brokerage firm says healthy earnings visibility can act as a cushion
RBI Monetary Policy | Governor Shaktikanta Das said continued policy support is warranted for a durable and broad-based recovery and efforts will be made to limit disruptions to economic activity
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Hot Stocks | First couple of sessions would be important for market as it will set the tone ahead of the mega event. One should focus on Financial and Auto space because in case of a recovery, they are the ones to be the frontrunners
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
HDFC twins and SBI are among the list of stocks being presented by three experts. They also explain why technical indicators are favouring these stocks.
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
The Nifty 50 is expected to range between 18,000 and 18,400 in the F&O expiry week, experts said, and all eyes are on the banking sector.
On the occasion of Dussehra, experts list out 10 fundamental picks that can be considered for buying. HDFC, Affle (India) figure on the list.
While a status quo on rates was expected, the equity market cheered the continuity in the monetary policy stance of the RBI MPC.
One can expect the index to move in a range between the 17,300-18,000 levels, as long as the prices do not break above the 18,000 level, says Karan Pai of GEPL Capital.
"The formation of a doji candle on September 6, which signifies indecision in the market, followed by another doji on September 7 suggests consolidation in the near term is a likely scenario," said Himanshu Gupta of Globe capital.
RSI plotted on the weekly timeframe remains above the 50-mark and is drifting higher towards the overbought level, indicating that the bulls are attempting to take control of the trend
On the larger market front, the long-term bullish trend remains intact and the Nifty will move towards 16,450 and 16,687 in the coming days, said Vidnyan Sawant of GEPL Capital.
Since Nifty is trading in uncharted territory, Fibonacci extensions suggest 16,500 will be the next resistance for the index, said Rohan Patil of Bonanza Portfolio
After a phase of strong earnings, lockdown-like restrictions have led to more downgrades than upgrades but analysts and brokerages remain bullish about many stocks, which have been upgraded to a ‘buy’ rating.
Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
All-in-all, Yes Securities believes the market will run up ahead of, and in anticipation of an ensuing economic recovery.
