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 healthy momentum and technical indicators may drive the market beyond the October high. Below are some short-term trading ideas to consider.
The market may remain range-bound until it trades below the previous week's high. Below are some short-term trading ideas to consider.
The sustainability of Friday's gains is the key factor to watch in the upcoming sessions, as the Iran-Israel conflict and global cues could lead to volatility and consolidation in near term. Below are some short-term trading ideas to consider.
According to experts, the Nifty 50 is likely to march towards the 24,300-24,500 zone if it manages to hold above 24,100 in the coming sessions. However, breaking below 24,100 could drag it down towards the 24,000-23,900 zone. Here are some trading ideas for the near term.
Tata Motors formed long bullish candlestick pattern on the daily timeframe after a decisive breakout of horizontal resistance trendline adjoining highs of February 5 and February 16, with above average volumes.
Weekly analysis indicates the Nifty 50 hovering below the middle Bollinger band, with potential support identified in the 21,550-21,500 zone.
The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
With decisively surpassing previous record highs and making higher highs, higher lows formation along with healthy volumes on daily charts last week, the Nifty50 is likely to march further northward with eyeing 20,400-20,500 zone.
Given the formation of a bullish candlestick pattern for the second straight week, and staying above the downward sloping resistance trendline, the Nifty50 may sustain the upward bias amid consolidation and any dips would be a buying opportunity
Experts expect the rally to continue in the coming sessions, with the Nifty 50 moving towards 19,100-19,200 levels, after which minor profit booking can't be ruled out.
With the rate pause, there will be some respite for large debt companies, growth stocks, small and mid-cap space companies, and specific sectors like consumer durables and real estate in the medium term
There is a possibility of Nifty may test psychological 18,000 mark followed by 18,200 in coming sessions, with strong support at 17,800-17,650 area, and also if the index surpasses the downward sloping resistance trendline adjoining highs of December 1, 2022 (record high) and January 24, 2023, then more upward move may be on cards, experts said.
Hindustan Unilever has shown a strong reversal from the lower levels after forming a double bottom formation near Rs 1,930 levels on the daily time frame. The breakout comes with a bullish candle and above average volumes indicate fresh buying from the lower levels.
As of now, the index has given a breakout so the upper range for the Nifty is extended till 17,800 and the support for the Nifty is placed near 17,255 levels, said Rohan Patil of Bonanza Portfolio. Read on to know his views on ICICI Lombard, Ipca Labs and Mphasis
Traders can look to trade with a positive bias and buy Reliance Industries in the range of Rs 2,460-2,450 for a potential target of Rs 2,600 in the near term. One should place a stop-loss below Rs 2,380 on long positions
Any sustainable move above 14,600 may cause a pullback towards 14,700-14,800, which should be used as an exit opportunity by short-term traders.
At the current juncture, for any sharp upside towards new record highs, Nifty should give a decisive move above 15,300.
Breadth indicators such as advance-decline trend, number of 52-week highs and the number of stocks above their 200-day moving averages, hint at a healthy market.
We continue to believe that the AUM growth story remains intact with the benefit of MTM gains more than compensating for the stressed inflows.
We recommend initiating a long position in REC above Rs 144 with a stop loss of Rs 124 and Rs 168.
On the technical front, now 13,000 should act as strong resistance for Nifty while 29,500 would be an immediate hurdle for Bank Nifty.
The ‘RSI-Smoothened’ is moving northwards after entering the bullish territory above 70 and adding to this, the ‘ADX (14)’ is becoming stronger as we can see its value rising well above the 25-mark.
Generally, it is believed muhurat trading brings prosperity and wealth throughout the year. It takes place on the Laxmi Pujan day for an hour in the evening.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
Experts continue to warn that the market will keep oscillating between rise and fall and one must remain cautious while taking a call for trade.