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 trend remains favourable for bulls, but some consolidation can't be ruled out given the healthy rally in the last few sessions. Below are some short-term trading ideas to consider.
IIFL Finance has made long bullish candlestick pattern on the daily charts with strong volumes, making higher high for fourth consecutive session. It has seen a breakout of horizontal resistance trend line adjoining multiple touchpoints - November 28, December 27, 2022, January 2, and January 13, 2023.
IRB Infrastructure Developers is again gaining momentum after building a strong base at Rs 200 mark. On the weekly chart, we can observe a breakout of the Flag formation, while there is a breakout of the bullish Inverse Head and Shoulders formation on the daily chart.
The benchmark indices ended almost 2 percent lower on June 10; global cues are expected to influence market direction
Jai Corp has reached the momentum phase and could continue to add gains in the days to come. Stock has also broken out from the downward sloping trend line on the weekly charts.
Thermax has been moving in a rational uptrend with higher highs and higher lows formation. Recently the stock took support at its 20 Day SMA (Rs 2,009) and broke out of a 3 months consolidation backed with good volumes.
The crucial support for Nifty is placed at 11,100 while on the upside, the index is likely to find tough resistance around 11300
Most analysts say investors should consider buying beaten-down stocks, but with a time horizon of 1-2 years..
The business of the company is divided into three broad segments namely IIFL finance, IIFL Wealth & IIFL Securities.
IT & pharma sectors are also seeing an upmove, considering reasonable valuations and factors such as rupee depreciation, which could turn favorable for such segments.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Bharat Financial with a target of Rs 1090.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
Jay Thakkar of Anand Rathi Securities is of the view that oen may buy NIIT Tech with a target of Rs 912.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Infrastructure and UPL and can buy Godrej Consumer Products.
With current level rebounding above a crucial 100-days level placed at 10410, the index formed a strong bullish candlestick pattern on its daily price chart although a weekly chart has yet to confirm the trend.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
IndiGo, JSW Steel, Dr Reddy’ and Info Edge, among others are on the radar of investors on Wednesday.
Ashwani Gujral of ashwanigujral.com advises buying Bajaj Finance, Future Consumer and IIFL Holdings.
Ashwani Gujral of ashwanigujral.com feels that Kajaria Ceramics may test Rs 800-850.
According to Sudarshan Sukhani of s2analytics.com, one may short Mahindra and Mahindra and PVR.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IIFL Holdings, Yes Bank, IGL and Bajaj Finance and feels that Divis Lab is likely to hit Rs 1000.
Ashwani Gujral of ashwanigujral.com recommends buying Future Lifestyle, Container Corporation of India, Sun TV, Delta Corp and IIFL Holdings.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Indian Oil Corporation and Canara Bank and buy IIIFL Holdings.
Prakash Gaba of prakashgaba.com is of the view that 9860 is a crucial support to deal with and the logical target is 9965-10005 zone. The crucial support for Nifty is at 9860 and the resistance is at 9965. Bank Nifty on the other hand has support at 24250 and resistance at 24511-24670.