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
Key support for the Nifty was identified at 19,700, while resistance levels were observed at 19,900-20,000, providing crucial reference points for traders and investors.
The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said
Triveni Turbine shares gained nearly 5 percent to Rs 266.30, trading near all-time high and formed bullish candlestick pattern on the daily charts. On monthly charts, there was Three White Soldiers kind of pattern formation.
Here are top 10 trading ideas by experts for February series, which could return up to 37 percent
Sameet Chavan of Angel One reiterated on avoiding aggressive longs and even if one wants to follow stock-specific moves, needs to be very selective.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 810, target of Rs 845, Ujjivan Financial Services with a stop loss of Rs 332, target of Rs 347 and L&T Finance Holdings with a stop loss of Rs 146, target of Rs 160.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 426 and target of Rs 436 and HCL Tech with stop loss at Rs 960 and target of Rs 990.
On Friday, Nifty November futures closed at 10,518, however, the index is trading below its max pain strike level of 10,600 for the first time in this series
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 552 and target of Rs 567, Indoco Remedies with stop loss at Rs 194 and target of Rs 210 and Adani Gas with stop loss at Rs 105 and target of Rs 120.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Mitessh Thakkar of mitesshthakkar.com suggests buying IDFC with a stop loss of Rs 47.5 and target of Rs 56, M&M above Rs 945 with stop loss of Rs 934 and target of Rs 980 and Muthoot Finance with a stop loss of Rs 414 and target of Rs 450.
On the upside, Gaurav Ratnaparkhi of Sharekhan is targeting 11,450 levels on the Nifty in the short term
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 1860, target of Rs 1920 and Hindustan Unilever with a stop loss of Rs 1670, target of Rs 1725.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
According to Rajat Bose of rajatkbose.com, IDFC is looking weak.
Vijay Chopra of enochventures.com feels that IDFC may test Rs 60-70.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy NIIT Technologies with a target of Rs 862.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, Bata India and TCS and can sell DHFL and LIC Housing Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Eicher Motors, Tech Mahindra, Interglobe Aviation, Vedanta, ICICI Prudential Life Insurance and Bata India and can sell IDFC and India Cements.
Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that one can buy TVS Motor Company and IDFC and can sell Federal Bank.
Prakash Gaba of prakashgaba.com suggests buying Ceat and IDFC.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC and Kajaria Ceramics and can hold Jain Irrigation.
Mitessh Thakkar of miteshthacker.com advises selling IDFC with a target of Rs 55.
IDFC, KECL, Mastek are on the radar of Prabhudas Lilladher
Avinnash Gorakssakar, Market Expert is of the view that one may hold IDFC.