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 market may witness range-bound trading until it trades below the previous week's high. Below are some short-term trading ideas to consider.
The market may see rangebound trading until it decisively surpasses and sustains Tuesday's high. Below are some short-term trading ideas to consider.
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
The frontline indices are expected to see more consolidation with a negative bias in case the 10-day EMA is broken. Below are some short-term trading ideas to consider.
The combination of RBI’s rate cut, strong technical breakouts, and sector leadership puts banking stocks, particularly HDFC Bank and IDFC First Bank, in a sweet spot.
The Nifty 50 is likely to continue its northward journey amid range-bound trading. Below are some trading ideas for the near term.
The 24,900 – 25,100 range is expected to serve as a significant resistance level for Nifty 50 due to a gap observed on the daily chart. If the Nifty index manages to close decisively above this resistance zone, it could open the door for further upside potential.
Experts suggest that the immediate resistance is likely at 24,850 for the Nifty 50, followed by 24,950, while 24,500 is expected to act as crucial support for the current rally. Here are some trading ideas for the near term.
Looking ahead, if the Nifty moves above 24,860, it could potentially reach the significant milestone of 25,000 and possibly higher.
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
Balkrishna Industries has seen a breakout of long horizontal resistance trendline adjoining highs of September 23, 2021 and January 11, 2024. The stock formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
Engineers India formed robust bullish candlestick pattern on the daily timeframe with significantly higher volumes. The rally of 10 percent was after 5-6 days of consolidation and now the stock traded above all key moving averages.
IDFC First Bank has seen a horizontal resistance trendline breakout adjoining multiple resistance points. The stock has formed bullish candlestick pattern with upper shadow on the daily charts, with above average volumes.
Tata Consumer Products which jumped 4.6 percent to Rs 732.5, the highest closing level since February 16. The stock has formed large bullish candlestick pattern on the daily charts with robust volumes, with getting back above 50-day EMA.
IDFC First Bank formed bullish candle on the daily scale with above average volumes, as it gained 2.5 percent to close at Rs 56.50. With Tuesday's move, the stock got back above all key moving averages, with making higher highs higher lows for second straight session.
RBL Bank shares rallied 6 percent to Rs 167.55 and formed big bullish candle on the daily charts with above average volumes, making higher highs higher lows for second consecutive session. The stock has seen a nice and decisive breakout of horizontal resistance trend line in the gap up opening on Wednesday.
RITES was up 9 percent to end at record closing high of Rs 410 and formed strong bullish candle on the daily charts with above average volumes. On monthly scale, it has been forming long bullish candle for fifth straight month
IDFC First Bank was the third largest gainer in the F&O segment, climbing 5.5 percent to Rs 46.05, the highest closing level since February 11. The stocks has seen a Bullish Engulfing candlestick pattern formation on the daily charts with above average volumes as the big bullish candle engulfed all three previous red candles, which generally indicates a bullish bias.
The recent development indicates that Nifty could test the previous swing low placed at 16,410. The support derived from, upward sloping trend line, adjoining the weekly lows January 29, 2021 and April 23, 2021 also coincides with swing low of 16,410, says Vinay Rajani of HDFC Securities
Experts said trades could continue to be rangebound in the coming days and if the Nifty 50 closes decisively above 18,000-18,100, then it may rally towards record high levels.
Here is what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading on October 27.
As the market seems to have the comfort of valuation now, it is time to lap up quality stocks, analysts point out.
Over the last five years, private sector banks have rapidly gained market share to around 30 percent (2020) from around 18 percent (2015).
Long-term investors should pick their favourite mid and smallcap shares gradually over the next few months, experts say.
Monthly and weekly Heikin candlestick patterns are flat bottom with higher high formations suggests prices can still trade higher towards previous swing pivot standing around 11,350 mark.