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
Yesterday Canara Bank witnessed good buying interest from lower levels and oscillators are showing positive crossover on the daily chart. This stock can test Rs 290 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 260, says Manas Jaiswal of manasjaiswal.com.
Bank Nifty will continue to fall for some time now. Sudarshan Sukhani suggests shorting IndusInd Bank next week. He is positive on the pharma sector and has a ‘Buy‘ on Glenmark Pharma and GAIL.
Aashish Tater of FortuneWizard.com recommends going long on Power Finance Corporation (PFC) for a target of close to Rs 135 and a stop loss of Rs 125 and advises selling UCO Bank.
Aashish Tater of FortuneWizard.com advised going long on Power Finance Corporation (PFC) with a target price of Rs 135 and keep a stoploss at Rs 125.
Amit Trivedi, Co-Founder of Investworks.in recommends buying Tata Consultancy Services (TCS) at around Rs 1650 levels for a target of Rs 1695.
According to Sharmila Joshi, Head of Equity at Peerless Securities, one should be able to see level of Rs 60 in Jain Irrigation fairly soon.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold on to Jain Irrigation Systems.
Aashish Tater of fortunewizard.com recommends to sell Housing Development and Infrastructure with a target of Rs 35 and also advises to sell Jain Irrigation Systems with a target close to Rs 46.50.
Aashish Tater of Fortunewizard.com advises to short HDIL with a target price of Rs 35 and Jain Irrigation with a target price Rs 46.5.
One can sell Jain Irrigation Systems as it is making new lows, feels Sudarshan Sukhani of s2analytics.com.
Jain Irrigation Systems suggesting more pain is coming. So it is a short sell, says Sudarshan Sukhani of s2analytics.com.
Manas Jaiswal of manasjaiswal.com suggest to go short in Adani Power at current levels with a stop loss of Rs 46.50 and short Jain Irrigation Systems at current levels with a stop loss of Rs 56.50.
SP Tulsian of sptulsian.com advised buying Reliance Communications with a target price of Rs 113 and United Breweries with a target price of Rs 698.
SP Tulsian of sptulsian.com is positive on PSU banks and real estate stocks. He advises to go long on State Bank of India, Bank of India, Dena Bank, DLF and Indiabulls Real Estate.
Sudarshan Sukhani of s2analytics.com advised avoiding Jain Irrigation Systems.
Pankaj Jain advises going short on Jain Irrigation, Sintex Industries and Opto Circuits. He believes that Jain could be headed much in southward territory.
SP Tulsian of sptulsian.com advised buying Apollo Hospitals and JK Lakshmi Cement, and going short on Shree Renuka Sugars.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
SP Tulsian says one can short Opto Circuit at the current level with target of Rs 20 and stop loss of Rs 21. Jain Irrigation with a target of Rs 56.50 for the day with a stop loss of Rs 58.50.
SP Tulsian of sptulsian.com says Jain Irrigation has support at Rs 60. I do not see any fundamental reason for the stock to correct beyond Rs 60.
According to Yogesh Mehta of Motilal Oswal one can make a entry in Jain Irrigation Systems around Rs 66 with a stop loss of Rs 63, as some upside has seen in the scrip.
Ashish Kapur of Investshoppe is bullish on Tata Global Beverage, Bata India and Sun TV Network.
Vishal Kshatriya of Edelweiss recommends going short in Ambuja Cements and Indiabulls Real Estate.
Sudarshan Sukhani of s2analytics.com is of the view that one can go long on Jain Irrigation Systems.
Vishal Kshatriya of Edelweiss is bullish on Zee Entertainment Enterprises and recommends going long in a range of Rs 234-235 with a target of Rs 255 and stop loss below Rs 228.