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
IndusInd Bank is on the verge of a major breakdown from its previous multiple support zones. What is worrying is that the stock has seen rising volumes in the current downtrend, confirming the weakness.
RBI Monetary Policy | Governor Shaktikanta Das said continued policy support is warranted for a durable and broad-based recovery and efforts will be made to limit disruptions to economic activity
A bullish pole flag pattern on the weekly time frame seems to have completed its throwback near 61.80 percent Fibonacci retracement and the uptrend is most likely to stretch the prices further higher.
Traders are advised to stay light on positions and even if the market attempts to recover, one should avoid aggressive longs till the time 17,700 is not surpassed, says Sameet Chavan of Angel One.
Traders can continue with a stock specific approach. "And we may see trades on both sides if Nifty remains in a consolidation mode," says Sameet Chavan of Angel One.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Here is what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading on November 2.
Here's what Shrikant Chouhan of Kotak Securities advises investors holding these stocks on trading today.
While a status quo on rates was expected, the equity market cheered the continuity in the monetary policy stance of the RBI MPC.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
Here's what Shrikant Chouhan of Kotak Securities Ltd recommends investors should do with these stocks when the market resumes trading today.
The relief package eases the financial stress for telcos and frees up funds that can be deployed to build 5G infrastructure and acquire spectrum, experts said.
If Nifty breaks the 15,920 level, then it may witness a major breakout which will help them cross the 16,100 level, said Rohan Patil of Bonanza Portfolio
On the higher side, 16,000 and 36,000 levels will act as strong hurdles in the short-term for the Nifty and the Bank Nifty, respectively.
After a phase of strong earnings, lockdown-like restrictions have led to more downgrades than upgrades but analysts and brokerages remain bullish about many stocks, which have been upgraded to a ‘buy’ rating.
Traders are advised to focus on stock-specific moves and should avoid aggressive leveraged overnight positions.
Markets buoyed by US Fed’s view that it would remain focused on getting people back to work as vaccines help the pandemic-hit economy recover.
For Nifty, the important support to watch out for would be 14,222, below which, the recent bullish structure will get distorted to extend the correction towards 14,000–13,800 levels.
A sustainable move beyond 13,780-13,800 would lead to the continuation of the move towards 14,000-14,200 levels.
Over the last five years, private sector banks have rapidly gained market share to around 30 percent (2020) from around 18 percent (2015).
The benchmark indices and broader markets have rallied more than 55 percent from the lows of March 23, though they have been some correction in the last few sessions.
This stock is currently rising in the channel and its lower trend line, which is currently placed around Rs 560, has acted as support many times.
Major trend weakness or distortion will be valid only if the index slips below 10,880, until then confined action is expected in 11,000-11,500 range during the week.
June and March quarter earnings indicated that lot of sectors did not have much impact of COVID-19-led lockdown. As a result, lot of stocks saw an upgrade in rating to buy.
Tough in the very near term as the majority of the oscillators are in the overbought zone, the possibility of retracement towards the support zone cannot be ignored.