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
HPCL formed long bullish candle on the daily charts with strong volumes, making higher high higher low formation. The stock has seen a decisive breakout of horizontal resistance trend line adjoining September 13 and December 12, 2022.
Max Financial Services jumped 3 percent to Rs 735.4 and formed long bullish candlestick pattern on the daily charts with above average volumes, with higher high higher low formation for third straight session. In fact, it has been in an uptrend after break out of long downward sloping resistance trend line adjoining September 20 and December 19, 2022, on January 3.
Max Financial Services was also in action, rising nearly 4 percent to Rs 710 and there was formation of large bullish candle on the daily charts with above average volumes, with making higher high for third straight session. In fact, Tuesday's breakout was after couple of weeks of consolidation. The stock has seen a breakout of long downward sloping resistance trend line adjoining September 20, and December 19, 2022.
Rising cases of Covid infection in several countries, fear of further tightening of key policy rates by the Federal Reserve, and a growth threat of recession-like situation pose challenges for markets around the world
The Nifty50 has witnessed significant amount of Call writing at higher levels and there has not been enough Put writing at the lower end to find a meaningful support on the derivative front. The uptrend will resume only once we close above the level of 17,100.
A lot of NBFC stocks including M&M Financial started performing well since last 4 – 5 trading sessions and this was clearly one of them. The daily and weekly time frame structure looks extremely sturdy, and the way stock prices managed to traverse the recent hurdles with an authority, augurs well for the bulls.
We feel that the Nifty is in bounce back mode. If the Nifty sustains above 16,610 levels then it will move towards 16,800 in the coming days, said Vidnyan Sawant of GEPL Capital
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
Genus Power Infrastructures has broken out from the symmetrical triangle on weekly charts with higher volumes. Stock price has also closed at all-time high level on the weekly basis. Primary trend of the stock is positive as it trades above its all important short-term and long-term moving averages
Max Financial Services has witnessed a falling trend line breakout on the higher side and closed convincingly above its support zone and formed a bullish Engulfing candle stick pattern on the weekly scale.
Here are three buy calls which can be bought for the next three-four weeks, said Rohan Patil of Bonanza Portfolio
By providing attractive valuations, the COVID-19 pandemic seems to have offered an opportunity to investors who have been eyeing the mid and small-cap space to place their bets at significantly low risk, say experts.
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
Every sector participated in the run seen this month, given expected recovery in earnings and economy after slew of measures announced in last one year.
At the current juncture, for any sharp upside towards new record highs, Nifty should give a decisive move above 15,300.
The weekly candle gives the replica of a hanging man candlestick pattern but one needs to wait for the next week's candle for the confirmation.
If Nifty breaks this support then further downside would be there up to 11,550 levels that are supported with a 50-day exponential moving average on a daily scale.
Momentum indicators are trading in a bullish zone and RSI is bouncing back from important support levels indicating that dips are likely to be bought into, until prices are trading above 11,200 level.
On the technical front, the secondary oscillators suggest that volatility will grip the market in the coming sessions.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finserv with stop loss at Rs 9500 and target of Rs 10300 and Havells India with stop loss at Rs 611 and target of Rs 635.
Brokerages feel the new tax regime would have modest impact on insurance companies' sales
Market remained highly volatile in last week amid domestic and global cues including December F&O expiry, bond sale by govt, Jharkhand election, capital infusion in PSU banks and progress on on US-China trade deal.
Ashwani Gujral of ashwanigujral.com recommends buying Bata India with a stop loss of Rs 1670, target of Rs 1720 and Kotak Mahindra Bank with a stop loss of Rs 1630, target of Rs 1675.
The weekly strength indicator RSI and momentum oscillator Stochastic have both turned positive and are above their respective reference lines indicating positive bias
Max Financial's life insurance business continued to do well with overall annual premium equivalent (APE) growth was 22 percent YoY.