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 may see some consolidation with a positive bias. Below are some short-term trading ideas to consider.
Overall, the trend remains favourable for bulls, but some consolidation can't be ruled out given the healthy rally in the last few sessions. Below are some short-term trading ideas to consider.
The market is expected to see further consolidation with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider.
Despite likely consolidation in the market, experts advised buying 8 stocks for the next week.
The market may attempt a bounce back considering the oversold conditions, but it is unlikely to sustain the same. Below are some trading ideas for the near term.
Nervousness is likely to persist on Dalal Street as indices traded below all short- to medium-term moving averages, which is a negative sign. Below are some trading ideas for the near term.
The Nifty 50 is likely to see some consolidation before marching upwards. Below are some trading ideas for the near term.
The market sentiment is likely to be positive in the coming sessions. Here are some trading ideas for the near term.
The market exhibited an erratic pattern with small candles rising and larger candles falling, raising concerns for future trends.
The immediate trading range for the Nifty 50 is anticipated to be between 21,500 and 21,800.
Nykaa has seen a strong breakout after several weeks of consolidation. The stock has seen a formation of long bullish candlestick pattern on the daily charts with healthy volumes.
JSW Energy has seen a consolidation breakout and formed long bullish candlestick pattern on the daily scale with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA), which is a positive sign.
Varun Beverages has seen a nice decisive falling resistance trendline breakout in the initial period of trade on September 26 and has formed long bullish candlestick pattern on the daily timeframe with robust volumes.
JSW Energy formed strong bullish candlestick pattern on the daily timeframe with robust volumes. The stock traded above all key moving averages, while it has been rising for fourth consecutive month.
JSW Energy has seen robust breakout after more than three weeks of consolidation and jumped 8 percent to Rs 314, forming strong bullish candlestick pattern on the daily charts with multi-fold jump in volumes.
Tube Investments of India jumped 5 percent to settle at record closing high of Rs 3,172 and formed long bullish candlestick pattern on the daily timeframe, with above average volumes, after three-day consolidation.
Indigo Paints has seen a decisive breakout of couple of weeks' of consolidation and formed bullish candle with long upper shadow, indicating some kind of profit taking at higher levels. The stock settled 6 percent higher at Rs 1,136, with robust volumes.
The rally in JSW Energy last week was driven by high volumes, which in fact, was higher since the week ended October 3 last year. On the weekly charts, it has formed Bullish Engulfing kind of pattern, which is a positive sign.
JSW Energy surged nearly 13 percent to Rs 235, the highest closing level since February 9, and formed large bullish candle on the daily charts, with strong volumes after taking support at Rs 205 in previous session.
With the consistent rally, Paytm has surpassed all short-term as well as long-term moving averages, forming a bullish candle with upper and lower shadows on the daily charts with higher high higher low formation for the fourth consecutive day.
Paras Defence and Space Technologies jumped nearly 6 percent to close at Rs 715.65, continuing uptrend for fifth consecutive session. On last both days, there was strong bullish candlestick pattern formation on the daily charts with healthy volumes.
JSW Energy has been correcting along with the broader market since the month of October. The stock has been forming a 'Lower Top lower Bottom’ formation on the daily chart and hence seems to be retracing its previous uptrend.
After a deeper correction, JSW Energy took support at Rs 240 level and has bounced sharply in the last week. On Monday, the stock has seen good price volume action and has managed to recapture above the 20 days SMA (Rs 294).
Traders with existing positions can continue to hold Apollo Tyres with a stop-loss placed below the swing low of Rs 191, and add on fresh positions above Rs 208 for a potential short term target around Rs 220.