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 remain rangebound in the upcoming session until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
Given the improved sentiment after the counter-attack by bulls, the benchmark indices are expected to extend their upward rally amid possible consolidation. Below are some trading ideas for the near term.
The positive momentum in the market is likely to continue in the upcoming session, but bulls need to be cautious given the higher volatility. Below are some trading ideas for the near term.
It would be advisable to take an approach of holding longs with trailing stop-loss instead of anticipating any upside target for the Nifty.
If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750
Mphasis shares gained nearly 8 percent to settle at Rs 2,070 and formed strong bullish candlestick pattern on the daily timeframe with significantly higher volumes. The rally was seen after more than a month of consolidation, and the stock came back above 200-day EMA (Rs 2,012).
Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.
Mastek rose 6 percent to Rs 1,888, the highest closing level since September 13 last year, and formed long bullish candlestick pattern on the daily charts, with above average volumes. The stock has seen a decisive Mother candle breakout on the higher side on Friday, indicating potential continuation in the uptrend.
Primary trend of CCL Products has been bullish as it has been forming higher tops and higher bottoms on weekly charts. Stock price has been finding support on its 50-day EMA.
Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days
The Nifty 50 extended its gains over the past four weeks to 7.5 percent, which indicates a positive momentum. If the uptrend persists, a record high can’t be ruled out in the coming days, experts said.
Experts said the momentum is expected to remain in the bulls’ basket but considering the hefty run-up until last week, some amount of profit-booking and consolidation can’t be ruled out
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
Nifty is likely to find immediate resistance in the range of 14,700-14,750 where 5, 10 and 20-day exponential moving averages are placed. It could aim for 14,883-15,000 if it closes above 14,750.
Here are the top 10 stocks from brokerages which could give up to 60 percent returns
We expect a gradual margin expansion in sync with revenue growth. Majesco stake contributes Rs 90 a share.
Going forward, earnings will play a big role in pushing the market to new frontiers but stock specific action will continue.
Vishal Malkan of malkansview.com is of the view that one may buy Steel Authority of India with a target of Rs 75.
Vijay Chopra of enochventures.com is of the view that one may buy Sintex Industries with a target of Rs 23.
Kunal Saraogi of Equityrush is of the view that oen may buy Federal Bank with a target of Rs 97.
The Nifty Midcap 100 index which was seen outperforming in the early part of the week is witnessing heavy offloading in the past two trading sessions.
IDFC, KECL, Mastek are on the radar of Prabhudas Lilladher
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Titan Company with a target of Rs 855.
The immediate resistance on Nifty is now placed at 10,400 odd levels which are needed to be taken out in the follow-up buying. The support levels have now shifted to 10300 - 10320 levels, says Mustafa Nadeem, CEO, Epic Research.
It will be crucial to watch these stocks as they will give a further indication to overall momentum.