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 witness some correction following Friday’s turmoil in US counterparts. Still, technically, the trend remains upward as long as the index stays above all EMAs. Below are some short-term trading ideas to consider.
The market may attempt a bounce back after six weeks of consistent losses, but sustainability will be the key to watch. Below are some short-term trading ideas to consider.
Momentum is expected to drive the rally further in the equity markets. Below are some short-term trading ideas to consider.
The market is expected to maintain an upward trend amid consolidation. Below are some short-term trading ideas to consider.
The Nifty 50 is likely to remain rangebound, though the overall trend remains positive. Below are some trading ideas for the near term.
Exide Industries is currently trading at 52-week – high which tells that the stock already is in strong momentum.
Chalet Hotels shares gained more than 3 percent to end at record closing high of Rs 417.45, and formed bullish candle on the daily timeframe with significantly higher volumes. Overall, the volumes remained strong throughout last week.
On the weekly chart, Kajaria Ceramics has confirmed “multiple resistance" breakout at Rs 1,100 levels. This breakout is accompanied with huge volume spurt indicating increased participation at breakout zone.
With Friday's strong gains, Speciality Restaurants has bounced back from its trendline support zone which remains a crucial support zone. The daily and weekly strength indicator RSI has turned bullish along with positive crossover indicating rising strength at lower levels.
Investors should focus on the domestic economy-facing sectors like capital goods, infrastructure, real estate and banking. In the near term, they are betting on metals, IT and pharma
Looking at the price action, Karan Pai of GEPL Capital believes that the 17,200 mark is going to act as a make-or-break level. If the prices manage to breach below the 17,200 mark we might see an acceleration in bearish momentum.
Nifty Midcap and Smallcap indices outperformed on June 7 by gaining 1.2 percent and 1.5 percent, respectively. Nandish Shah of HDFC Securities believes there is still some upside for the stocks in this space
As the economy finds its feet again, stocks that were affected the most such as those in contact intensive sectors such as hospitality, tourism and entertainment will get back in favour
Every sector participated in the run seen this month, given expected recovery in earnings and economy after slew of measures announced in last one year.
As the September quarter earnings bouyed market sentiment and increased hope for strong earnings growth in coming years, brokerages upgraded majority of quality stocks in current month.
Month-on-month, we saw Nifty end lower but looking at the intra-month activity, the index managed to conclude May month at the highest of the month on a closing basis.
Majority of experts started advising clients to accumulate quality stocks in a gradual manner with a long term view
The reason behind cut in price target is that earnings are expected to get impacted by lockdown due to novel coronavirus.
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
Vinod Nair, Head Of Research at Geojit Financial Services said since the valuation of mid and smallcaps is below the long-term averages, they are bound to outperform
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto with stop loss at Rs 2998 and target of Rs 3058, HCL Tech with stop loss at Rs 1010 and target of Rs 1048 and HDFC Bank with stop loss at Rs 2238 and target of Rs 2275.
Sudarshan Sukhani of s2analytics.com recommends buying Sun Pharma with stop loss at Rs 438 and target of Rs 458, ICICI Bank with stop loss at Rs 348 and target of Rs 360 and Britannia Industries with stop loss at Rs 3020 and target of Rs 3130.
Mitessh Thakkar of mitesshthakkar.com recommends buying Britannia Industries with stop loss of Rs 3204 and target of Rs 3350 and Divis Labs above Rs 1540 with stop loss of Rs 1524 and target of Rs 1575.
The 10,980-11,000 range will remain a challenging zone for bulls. Technical structure is suggesting that the resistance is getting weaker every time and we could surpass it in days to come.