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
Overall, the market is likely to remain positive as long as it sustains above all key moving averages. Below are some trading ideas for the near term.
NALCO formed bullish candlestick pattern on the daily charts, with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA - exponential moving average), which is a positive sign.
Affle India formed long bullish candle on the daily charts with robust volumes. The stock has seen a break out of long downward sloping resistance trend line adjoining January 14 and November 14 this year, as well as short downward sloping resistance trend line adjoining September 13 and November 14 this year.
IFB Industries surged more than 11 percent to Rs 985.20 and formed robust bullish candlestick pattern on the daily charts with large volumes, giving a highest close since September 21.
Technically, on daily charts, Mindtree has formed higher bottom formation which is broadly positive for the near term. It also formed promising bullish candle on monthly charts, that also indicating continuation of uptrend in the near future.
On short term time frame, momentum indicators indicate Trent is in to overbought zone and high chances of quick short term price correction is not ruled out if it trading below Rs 1,200.
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.
We may witness stock-specific moves in the coming sessions with some consolidation in the index within the range of 11,550-11,350.
On this Children's Day, which India celebrates every year on November 14, the birth anniversary of former Prime Minister, we collated a list of six stocks which can give double-digit returns in the long term
Traders can accumulate the stock in a range of Rs 1,350-1,380 for the upside target of Rs 1,530 and a stop loss below Rs 1,250.
Here is a list of top three stocks which could give up to 13% return in the short term.
D-Street witnessed a massive selloff in the last one month which brought down the index near its key support levels.
A Large part of the rally was driven by short coverings after Moody’s upgrade tilted the sentiment in favour of bulls. The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy V-Guard Industries, ICICI Prudential Life Insurance Company, Indraprastha Gas and IFB Industries and can short Reliance Infra.
Mitessh Thakkar of miteshthacker.com suggests buying Raymond and IFB Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Union Bank of India, Punjab National Bank, IFB Industries, BEML and Himatsingka Seide.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shares his views on the Reliance Communications-Aircel deal. He also shares his outlook on Yes Bank's stock after the bank called off its qualified institutional placement.
According to Prakash Gaba of prakashgaba.com, one can go long in Shriram Transport and Intellect Design and feels that JSW Steel may test Rs 1350.
Vishal Malkan of www.malkansview.com advises buying Dewan Housing Finance Corporation with a target of Rs 550.
Vinay Pandit, Sr VP-Institutional Equities at Centrum Broking is of the view that IFB Industries may hit Rs 780.
Shahina Mukadam of Varun Capital recommends buying TV Today for a target price of Rs 230 and Prestige Estates for a target price of Rs 228.
AK Prabharkar, Independent Advisor advises buying Sadbhav Engineering for a target price of Rs 243 and Sail for a target price of Rs 92.
Shahina Mukadam of Varun Capital recommends buying Tata Global Beverage for a target of Rs 169 and advises shorting LIC Housing Finance for a target of Rs 312.
Kunal Saraogi, Equityrush advises buying UPL for a target price of Rs 380 and India Cements for a target price of Rs 125.