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 remain rangebound until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
The trend is likely to be upward despite consolidation (if any), as frontline indices now trade above all key moving averages. Below are some short-term trading ideas to consider.
The bullish bias is expected to sustain in the upcoming sessions. Below are some trading ideas for the near term.
The upward journey may continue if the bulls gain further strength in the upcoming sessions. Below are some trading ideas for the near term.
The market may extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
Given the weak sentiment, the Nifty 50 is expected to sustain its downtrend in the upcoming sessions. Below are some trading ideas for the near term.
Hindustan Copper formed long bullish candlestick pattern on the daily timeframe, with above average volumes. The stock traded above all key moving averages.
Can Fin Homes has recently seen some buying traction and emerged above the sloping trendline on the daily time frame, adding to the bullish quotient
TD Power Systems has broken out from the symmetrical triangle on the daily chart with higher volumes. Primary and intermediate trend of the stock is positive as stock price is trading above its medium and long term important moving averages.
S Chand and Company price has broken out from the downward sloping trendline, adjoining the highs of December 5, 2022 and January 3, 2023. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA.
Indraprastha Gas climbed 7.5 percent to Rs 408.1, the highest closing level since January 21 and formed large bullish candle on the daily charts with strong volumes for third consecutive session, following high wave kind of candle formation.
"As per the short term chart pattern, we feel the index will make an attempt to reach its resistance of 17,800 followed by 18,115. Our bullish view shall be negated if we see prices sustaining below 17,350 level," said Vidnyan Sawant, AVP - Technical Research at GEPL Capital
Tata Motors is in 'higher top higher bottom' formation on the daily chart which shows an up trend. Besides, the price has taken support at the 200-day moving average before the recent rally, said Rupak De of LKP Securities
Strides Pharma Science and Indraprastha Gas, which were among the top gainers in the F&O segment, and Affle formed bullish candlesticks on the daily chart on June 15
Despite a challenging session on last Friday, Indraprastha Gas ended the session firmly in the green. Price-wise, we can witness a decisive breakout along with substantial rise in volumes.
Any sustainable upmove above Rs 400-410 levels will cause an upward breakout in Indraprastha Gas. Rising volumes at lower levels signifies increased participation near the support zone. The daily and weekly strength indicator RSI continues to remain bullish which signals rising strength at lower levels.
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
Credit Suisse has downgraded Indraprastha Gas, Mahanagar Gas and Gujarat Gas.
Genus Power Infrastructures has broken out from the symmetrical triangle on weekly charts with higher volumes. Stock price has also closed at all-time high level on the weekly basis. Primary trend of the stock is positive as it trades above its all important short-term and long-term moving averages
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
The current trend suggests bull run in the market is most likely to continue as the index has given breakout in the broader timeframes
At the lower end, support for the Nifty is seen at 14,750 on the daily chart. The higher-end break of 15,250 will open the gate for 15,400 in the coming weeks.
The banking index is at its previous record highs and the Nifty Midcap 50 index, which is at the crucial Fibonacci ratios, may see much-awaited corrective moves.
The second-quarter result season and rollover movement will increase volatility in individual sectors and stocks.