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 is expected to consolidate further before entering a firm directional move. Below are some short-term trading ideas to consider.
The market may remain consolidative and rangebound until it gives a strong close above all key moving averages. Below are some short-term trading ideas to consider.
The market may attempt a bounce back after six weeks of consistent losses, but sustainability will be the key to watch. Below are some short-term trading ideas to consider.
Moneycontrol collated a list of the top 10 rate-sensitive stocks, curated by experts with a 3–4-week perspective, following the Reserve Bank of India's decision to maintain the status quo on rates.
Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trading ideas to consider.
After the RBI's Monetary Policy Committee reduced the repo rate by 50 bps to 5.5 percent, Moneycontrol collated a list of top 14 rate-sensitive stocks from experts with a shorter term investment perspective.
While private banks have already sprinted ahead in the current rally, PSU banks are just starting their engines.
The market may see some consolidation after the recent significant run-up. Below are some trading ideas for the near term.
The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.
Midcap and Smallcap continued their outperformance during the recent corrective phase of the Nifty and therefore Nandish Shah of HDFC Securities expects their outperformance to continue for the coming weeks.
The last week's low point of 19,250 is expected to be crucial this week as well. A breach of this level may pull down the index up to the psychological 19,000 mark, whereas on the higher side, 19,400-19,500 can be critical hurdles, experts said
Gland Pharma has formed long bullish candlestick pattern with long lower shadow on the daily charts, indicating buying at lower levels, after a day of Dojj candlestick pattern formation.
Nifty is still holding above 20, 50 and 100 day EMAs, which indicates the bullish trend on all time frames.
Technically, the Nifty seems to be looking strong now. Hence, 19,600-19,700 is expected to be key resistance area initially for the Nifty50 followed by 19,800-19,900 levels
The benchmark Nifty is likely to march towards 19,300-19,500 levels in coming days, as long as it holds the 19,000 mark, which is an immediate support, then 18,800 levels, experts said
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.
The ongoing sideways trend may persist until there is a decisive breakout above the 17,250 resistance level.
The market reacted negatively to the policy, may be due to increasing possibility for further rate hikes in next policy meeting and lowering the growth forecast
Looking at the broader picture of RHI Magnesita India, we can spot that the overall trend is on the upside. While the steepness of the trend line is rising, this tells that the underlying trend is accelerating for an upside move.
Primary trend of EIH is positive as it is trading above its 50, 100 and 200 days EMA. We expect stock price to end consolidation and resume its uptrend in the days to come.
Considering the technical evidence, Vinay Rajani of HDFC Securities could expect stock specific bullish moves but at the same time traders should be vigilant in booking profits at higher levels. Any level below 17,500 could drag the Nifty towards 17,000.
Traders are advised to hold long positions with trailing stop loss. At present, stop loss for Nifty should be kept at 18,200. Nifty is expected to extend the rally towards 19,230, said Vinay Rajani of HDFC securities
As the Nifty50 has given a breakout on the daily chart, every dip should be utilized as a buying opportunity. And the resistance or the next immediate target for the Nifty comes near 18,500 levels, said Rohan Patil of Bonanza Portfolio
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
We recommend buying Indian Bank around Rs 88 levels with a stop loss of Rs 75 for higher targets of Rs 107.