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
Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider.
The upward journey may continue if the bulls gain further strength in the upcoming sessions. Below are some trading ideas for the near term.
National Fertilizers is currently trading above all crucial moving averages, indicating a positive bias. Additionally, momentum indicators suggest a favourable outlook for further upward movement.
Recently Wipro has seen bullish divergence on a daily scale, the price was making lower lows, but RSI (relative strength index) was making higher lows.
Prestige Estates Projects has formed bullish candle pattern on the daily scale, with trading firmly above all key moving averages, while momentum oscillators RSI 14 and MACD with well above zero line remained strong on the daily charts.
Traders can accumulate the stock in the range of 171–174.80 for the target of 187.50 with a stop loss below 165.
The Nifty is likely to consolidate within the range of 10,700 and 10,200. A decisive breakout on either side will confirm the future trend.
The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ashok Leyland, Panacea Bio and Interglobe Aviation.
Looking at the weekly chart formed last week, Nifty formed a Bearish Engulfing pattern and the impact of the said pattern was clearly seen in this week.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com suggests buying Hindustan Unilever, BPCL and MOIL.
Prakash Diwan of Altamount Capital Management is of the view that one may stay invested in HUDCO and MOIL.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Indraprastha Gas, MOIL and Ceat and can hold Gravita India.
In an interview to CNBC-TV18's Latha Venkatesh, Anuj Singhal, and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks and sectors.
Dalmia Bharat,Federal Bank, and MOIL are on the radar of Anand Rathi Advisory
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and UltraTech Cement and can hold Eicher Motors and MOIL while one can sell Reliance Capital and Sterlite Technologies.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular with a stop loss of Rs 96, target of Rs 108, a buy on MOIL India with a stop loss of Rs 258, target of Rs 273 and a buy on Torrent Power with a stop loss of Rs 278, target of Rs 293.
Karnataka Bank, MOIL and Graphite India are on the radar of
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bank of Baroda and State Bank of India; and can buy Century Textiles and Mahanagar Gas.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.
Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, MOIL, TVS Motor, Kotak Mahindra Bank and Bata India.
Stocks which gave multibaggers returns in the December quarter of 2016 include names like SE Power, Kushal Tradelink, India Metals, Vama Industries, HM Sugar Mills, Indokem, Atlas Jewellery, Niraj Cement etc. among others.
Ashwani Gujral of ashwanigujral.com advises selling Hindustan Unilever and Reliance Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Whirlpool, Vedanta and MOIL.