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
On the daily chart, a consolidation breakout is visible, which suggests an increased bullish bet. Besides, EID Parry (India) has moved above the 50-DMA on the daily chart.
Indian Hotels Company is on the verge of a breakout from a big sideways consolidation range. The stock's immediate hurdle is at Rs 330, and once it surpasses this level, we will witness a sharp move on the upside towards Rs 340-350 zone.
Indian Hotels seems to be taking support from a strong upwards sloping support trendline on the weekly timeframe from the last 22 months and the stock has broken out of a downwards sloping parallel channel pattern on the daily timeframe which can be used as a confluence towards the bullish view.
In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone
Britannia Industries has formed a Bullish Harami pattern on the daily chart, suggesting a rise in optimism. Furthermore, the price has remained above the 50EMA on daily basis.
Lupin has been overall moving in a rising channel and recently taken support near to Rs 720 zone which is also its 50 DEMA. It formed a bullish candle along with a decisive hold Rs 760 zone.
Once the dust settles, markets are expected to hit new highs, as many of the signals are positive
Asahi India and Indian Hotels show clear uptrend. Read on to know what Vidnyan Sawant of GEPL Capital suggests you should do with the stocks:
"What a fantastic setup we are having in Ashok Leyland -- precise Bullish Deep Crab pattern on daily chart with Classic Doji near potential reversal zone of Rs 95-100," says Jigar S Patel of Anand Rathi Shares & Stock Brokers.
Here's what Karan Pai of GEPL Capital recommends investors should do with these stocks when the market resumes trading today
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
The market is expected to remain volatile as the September series expiry draws near but the bias should remain in favour of bulls in the upcoming sessions, says said Shitij Gandhi of SMC Global Securities
As the world reopens, investors can look at companies like IRCTC, IndiGo, Mahindra Holidays among others
Nifty remains above the long-term moving averages of 50, 100 and 200-day SMA. The RSI plotted on the medium-term timeframe can be seen rising, indicating that the medium-term trend of the index remains bullish.
Immediate target for Nifty is seen at 15,470, which happens to be 161.8 percent retracement of the entire fall seen from January 2020 to March 2020.
If you are a retail investor have Rs 1 crore to invest, here are a few recommendations for investing and dividing your portfolio exposure across these sectors.
Lemon Tree Hotels' RevPAR was up 1.9 percent YoY at Rs 3,311 in Q3. On a same-hotel basis, RevPAR was up 7.5 percent YoY (with ARR up 5.4 percent and occupancy up 148bp to 76.2 percent)..
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
Indian Hotels sees some initial signs of a pick-up in revenue per available room (RevPAR) growth trends and expects second half of FY20 to be better than first half.
Nifty has support near 11,500-11,600 and resistance at 11,975 where the upper Bollinger band stands at.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Experts feel Diwali 2019 to Diwali 2020 period could be an exciting phase for the markets, expecting the market to return 15-25 percent.
Joseph Thomas, Head Research - Emkay Wealth Management, also told Moneycontrol that after the recent fall in the market, the midcaps and smallcaps are a good option.
A lot of stocks have shown double digit growth in the last few sessions but it is never too late to invest, provided it is done after a thorough research.
11,800-11,860 will act as resistance zone for the market. Crosses above 11,860 on a sustainable basis, Nifty can rally initially towards 12,000 and then 12,200.