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 attempt a rebound after the four-day loss, but sustainability will be key. Below are some trading ideas for the near term.
As long as the market defends the midline of Bollinger Bands, the trend may remain in favour of bulls despite Monday's profit booking. Below are some trading ideas for the near term.
The benchmark indices are expected to consolidate in the upcoming sessions and look for fresh triggers. 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.
According to experts, the Nifty 50 is likely to march towards the 24,300-24,500 zone if it manages to hold above 24,100 in the coming sessions. However, breaking below 24,100 could drag it down towards the 24,000-23,900 zone. Here are some trading ideas for the near term.
L&T Technology Services has seen a breakout of long downward sloping resistance trendline adjoining highs of January 4, 2022 (record high), and February 12 this year. The stock has formed long bullish candlestick pattern on the daily charts.
For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
Solar Industries ended at record closing high of Rs 8,855 and formed long bullish candlestick pattern on the daily timeframe, while trading above all key moving averages.
L&T Technology Services was also in action, rising 3 percent to Rs 3,426 and formed bullish candle on the daily charts with upper shadow, with higher high higher low formation after forming Bullish Engulfing kind of pattern in previous session. The volume remained high for yet another session.
Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend.
The Nifty IT has fallen more than 11 percent in 2022, as investors turn pessimistic over the sustainability of the sector’s rich valuations amid the possibility of a sharp increase in interest rates at home and abroad
Vinay Rajani of HDFC Securities says markets are on their path to recovery, however, short-term bullish trend reversal will be confirmed only above 17,170
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Nifty could be rangebound between 18,200 and 17,600 levels. It has a resistance placed at 18,200 followed by 18,345 and 18,604, says Vidnyan Sawant of GEPL Capital.
Considering the technical evidence, Vinay Rajani of HDFC Securities could expect stock specific bullish moves but at the same time traders should be vigilant in booking profits at higher levels. Any level below 17,500 could drag the Nifty towards 17,000.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
On the long term, "the resumption of economic activity and the vaccination drive will dictate investor sentiment going forward, hence, we remain bullish on markets," Prashanth Tapse of Mehta Equities said.
IT and pharma are preferred themes by experts after June quarter earnings
Majority of experts started advising clients to accumulate quality stocks in a gradual manner with a long term view
Maybank Kim Eng feels a more broad-based participation of stocks and sector rotation is a more likely trend in 2020.
Strengthening Indian Rupee again acts as a constraint for IT companies. Looking at the technical structure, seems that INR could appreciate till 68.9 and 68.2 in the coming days
We can expect the next two quarters having stability in the capital markets and policy decisions during this time shaping the course of markets in the future.
We are of the view this financial year will be for mid-caps positive performance due to improvement in earnings, inline monsoons as per expectation and constructive reforms by new government.
A close below support of 11580 will trigger a breakdown from a rising channel pattern dragging it lower to levels of 11530.
The stock can be bought at current levels and on dips to Rs 1,690 with a stop loss below Rs 1,650 and a target of Rs 1,900.