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
Kirloskar Ferrous Industries has broken out of a long consolidation period. A breakout from this consolidation suggests a potential shift in market sentiment and an increased likelihood of a sustained move in the price.
Looking at a broader picture of SBI, Vidnyan Sawant of GEPL Capital observes that the correction post November 2021 the stock did not get into Lower Low, Lower High formation, this shows positive under tone of the prices.
Usha Martin has witnessed a breakout of a symmetrical triangle formation on the daily chart with huge volume. It is trading in a new blue sky zone, and its structure is very impressive, as it is trading above all its important moving averages.
RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside.
Kirloskar Ferrous Industries has seen breakout of a parallel channel pattern after 13 months on the daily timeframe whereas on the weekly timeframe the stock has made a double bottom pattern which can be used as a confluence towards the bullish view.
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
The fear index India VIX also spiked, hence volatility will remain on the higher side during this week as well
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has comea long way and come on top. In this CNBC-TV18 special show '18 for 18', Prakash Diwan of Altamount Capital gave his top stock ideas for 2018.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Jay Thakkar of Anand Rathi suggests selling India Cements with a target of Rs 152.