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
Mitessh Thakkar of mitesshthakkar.com recommends buying Buy Engineers India with a stop loss of Rs 114 and target of Rs 125, GSFC with a stop loss of Rs 103 and target of Rs 1111 and Bharti Infratel with a stop loss of Rs 320 and target of Rs 342.
Rajat Bose of rajatkbose.com recommends buying Mindtree with stop loss below Rs 941 for targets of Rs 967 and Rs 974, United Spirits only above Rs 591 with stop loss below Rs 584 for targets of Rs 599 and Rs 607 and Advanced Enzyme with stop loss below Rs 177.50 for targets of Rs 185.50 and Rs 187.
Market is expected to remain marginally positive on account of steady inflow by foreign investors coupled with strong inflow from domestic investor through mutual fund on tax purpose.
Mitessh Thakkar of mitesshthakkar.com recommends buying ITC around Rs 288 with stop loss of Rs 284 and target of Rs 296 and Larsen & Toubro around Rs 1340 - 1345 with stop loss of Rs 1325 and target of Rs 1390.
Ashwani Gujral of ashwanigujral.com recommends buying Adani Enterprises with a stop loss of Rs 138, target of Rs 150, L&T Finance Holdings with a stop loss of Rs 124, target of Rs 136 and Tata Steel with a stop loss of Rs 515, target of Rs 540.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1300, target of Rs 1345, SRF with a stop loss of Rs 2230, target of Rs 2300 and Sun TV with a stop loss of Rs 570, target of Rs 595.
Derivative data indicates that heavy put writing in the strike prices of 10,700-10,800 should lend support.
We have a positive view on the company over medium to longer term perspective.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Traders can accumulate the stock in a range of Rs 292-297 for the upside target of Rs 313 levels and a stop loss below Rs 280, says Shitij Gandhi of SMC Global Securities.
Buy the stock at CMP and average it at Rs 278, for the target of Rs 330.
On weekly chart, it is trading above important moving averages and the overall setup making it a prudent buy for short term.
Traders should keep watching lower time frame oscillators like RSI on hourly price for early indication of the side in which breakout will ultimately happen
In coming days, 100-day Moving Average (10,856) will act as a major resistance as bulls have failed to surpass it thrice. Decisive breakout of the level could result in fresh move till 10,980
In the current scenario, traders need to follow the levels strictly as far as Nifty is concerned. The index should be held long with 10,628 stop loss.
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 567 and target of Rs 590, UPL with stop loss at Rs 755 and target of Rs 780 and Dabur India with stop loss at Rs 416 and target of Rs 429.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Mitessh Thakkar of mitesshthakkar.com recommends buying Cummins India with a stop loss of Rs 812.5 and target of Rs 865, Mahanagar Gas with a stop loss of Rs 875 and target of Rs 950 and Power Grid with a stop loss of Rs 188 and target of Rs 202.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ceat above Rs 1271 with stop loss of Rs 1255 for target of Rs 1300 and Godrej Industries with a stop loss of Rs 546 for target of Rs 565.
We recommend buying ITC for an initial target of Rs 304 and a stop loss below Rs 276, says Nandish Shah of HDFC Securities.
MACD also given positive crossover which shows bullish momentum in the stock, says Arpan Shah of Monarch Networth Capital.
In coming days, Nifty may find some supply pressure once we reach 10,880-10,900 zone as it has formed multiple bottoms at this level in the past and now this level may act as resistance, Arpan Shah of Monarch Networth Capital said
We recommend buying the stock at CMP for the target of Rs 302, keeping stop loss at Rs 274 on closing basis, says Vinay Rajani of HDFC Securities.