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
Therefore, traders are advised to hold longs with a strict stop-loss at 21,800 levels. The upside momentum is likely to accelerate once the resistance of 22,310 is broken.
Titagarh Wagons is witnessing a breakout of Bullish Flag formation to resume its classical uptrend. It is respecting its 9-SMA beautifully which is currently placed at Rs 120 level, said Pravesh Gour of Swastika Investmart
Experts expect some consolidation in the key indices and adjustments to continue in individual stocks. For the week ahead, in case of a consolidation, one should focus on stock-specific moves, which will provide excellent trading opportunities, they said.
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
Though Nifty witnessed correction during the last week, it has not violated important supports of 15,600-15,700 levels.
We continue to believe that sectors that are looking strongest on the medium to long-term charts and are expected to outperform in the coming weeks are IT, FMCG, pharma and metals, said Nandish Shah of HDFC Securities
Immediate target for Nifty is seen at 15,470, which happens to be 161.8 percent retracement of the entire fall seen from January 2020 to March 2020.
Immediate targets for the Nifty is seen around 14,890 which is 150 percent retracement of the entire downswing from 12,430 to 7,511.
During this quarter, Nifty has gained 3,500 points or more than 23 percent with four trading days left. This is the highest quarterly gain since the quarter ending June 2009.
On the higher side, Nifty could move towards its immediate resistance level of 11,200. Any close above 11,200 levels would result in further short covering, which might push Nifty to 11,450 levels
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
In an interview with CNBC-TV18, market expert, SP Tulsian gave his views on various sugar stocks and sais that he keeps a positive stance on UP based sugar mills.