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
On daily charts, United Spirits has formed a double bottom formation. After that formation, the stock bounced back sharply. On last Thursday it rallied over 5 percent. However, the short term texture of United Spirits is still non-directional.
Oscillators on the higher timeframes indicated the sentiments are positive, but the lower timeframes (one hour and below) indicated negative sentiments which can be a sign of overbought and hence some setback can't be ruled out especially after 4 percent run up last week and 10 percent rally from June lows, experts said
On the daily and weekly charts, NLC India has formed strong promising price volume breakout formation that indicates bulls are clearly dominating price action.
What a classic setup we are having in City Union Bank, precise Bullish Crab pattern on 4-hour chart with N wave formation near potential reversal zone of Rs 115-120.
The short term structure of Punjab National Bank is still in to the down side and Rs 34 and Rs 35 would be the immediate resistance area for the Punjab National Bank. Blow the same, the chance of hitting Rs 29-27 would turn bright.
Here's what Rajesh Palviya of Axis Securities, recommends investors should do with these stocks when the market resumes trading today
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
Over the last five years, private sector banks have rapidly gained market share to around 30 percent (2020) from around 18 percent (2015).
The Nifty is approximately 1.4 percent short of a lifetime high while the Bank nifty needs the appreciation of 21 percent approximately to reclaim the all-time high.
As the sector rotation & market breadth has been healthy, one could maintain a combination of long short positions for the rest of the series.
The crucial support zone for Nifty is standing around 10,850 and resistance zone is placed around 11,350 mark and either side movement will decide the future price action.
The momentum oscillator MACD has provided fresh buy crossover on the weekly scale and RSI has started making a higher top and higher bottom formation which hints that we can expect some moderate upmove in the coming week as well.
Mitesh Thakkar of miteshthakkar.com recommends buying Biocon with a stop loss of Rs 300 for target of Rs 330 and L&T Finance Holdings with a stop loss of Rs 127 for target of Rs 140.
Prakash Gaba of prakashgaba.com recommends buying Havells India with target at Rs 645 and stop loss at Rs 623 and IndusInd Bank with target at Rs 1425 and stop loss at Rs 1297.
Mitesh Thakkar of miteshthakkar.com recommends buying Bharti Airtel with a stop loss of Rs 461 for target of Rs 485 and GAIL India with a stop loss of Rs 125 for target of Rs 137.
Prakash Gaba of prakashgaba.com recommends buying Interglobe Aviation with target at Rs 1450 and stop loss at Rs 1385 and Reliance Industries with target at Rs 1575 and stop loss at Rs 1532.
Sudarshan Sukhani of s2analytics.com recommends buying Shree Cements with stop loss at Rs 22000 and target of Rs 23300 and Torrent Power with stop loss at Rs 282 and target of Rs 297.
Mitesh Thakkar of miteshthakkar.com advises selling ITC with a stop loss of Rs 239 and target of Rs 226.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with target at Rs 785 and stop loss at Rs 751.
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Sudarshan Sukhani of s2analytics.com recommends buying L&T Finance Holdings with stop loss at Rs 115 and target of Rs 124 and Tech Mahindra with stop loss at Rs 764 and target of Rs 795.
Sudarshan Sukhani of s2analytics.com recommends selling Havells India with stop loss at Rs 646 for target of Rs 631 and MCX India with stop loss at Rs 1125 and target of Rs 1050.
The BSE mid-cap index added 2.35 percent, while the small-cap index rose 1.55 percent and the BSE large-cap index was up 1.20 percent in the past week.
Mitesh Thakkar of miteshthakkar.com recommends buying Bank of Baroda above Rs 104 with stop loss of Rs 100 for target of Rs 109 and Divis Labs with a stop loss of Rs 1785 for target of Rs 1880.
We advise traders to maintain a bullish view on the market and suggest focusing more on stock selection and trade management