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 trend is likely to be upward despite consolidation (if any), as frontline indices now trade above all key moving averages. Below are some short-term trading ideas to consider.
The bearish sentiment is expected to prevail, given the weakness in technical indicators. Below are some short-term trading ideas to consider.
The market is expected to remain in consolidation mode until it gives a decisive close above short-term moving averages. Below are some short-term trading ideas to consider.
The market is expected to continue rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
The consolidation and rangebound trading may continue in the near term. Below are some trading ideas for the near term.
The market may extend gains amid likely consolidation. Below are some trading ideas for the near term.
The consolidation is expected to continue in the upcoming sessions until the benchmark indices give a decisive close above the February swing high. Below are some trading ideas for the near term.
The market is expected to continue its northward journey. Below are some trading ideas for the near term.
For deeper positive retracement, the Nifty 50 needs to close above prior day’s high, until then use pullback to sell for a move to 21,800 levels. Immediate hurdle is at 22,580 on upside, said Ashish Kyal.
The market is expected to remain range-bound with an overall negative bias until it decisively moves back above all key moving averages. Below are some trading ideas for the near term.
The Nifty 50 may extend its upward trend in the upcoming session but overall remains consolidative. Below are some trading ideas for the near term.
The Nifty 50 is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the near term.
The market is expected to be volatile and rangebound in the upcoming sessions, supported by an upward-sloping trendline. Below are some trading ideas for the near term.
Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.
Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark
Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
IRCTC has seen a breakout of long downward sloping resistance trendline adjoining highs of January 17 last year. The stock has formed long bullish candletick pattern on the daily charts, with robust volumes.
Asahi India rebounded sharply and recouped all previous four-day losses in one session, rising 8 percent to Rs 595. The stock has formed strong bullish candlestick pattern on the daily charts, with robust volumes and trading above all key moving averages.
Ceat shares rebounded smartly after a day of correction, and has formed bullish candlestick pattern with long upper shadow & small lower shadow on the daily charts, with strong volume.
PB Fintech has maintained 200-day EMA (exponential moving average) since February and has given a golden crossover with 50-day EMA crossing 200-day EMA in April, which is a positive sign.
Experts remain bullish on the stock given the strong chart structure but advise some profit-booking considering the recent run-up
RITES was up 9 percent to end at record closing high of Rs 410 and formed strong bullish candle on the daily charts with above average volumes. On monthly scale, it has been forming long bullish candle for fifth straight month
Delivery volume climbed by 5.48 percent over the previous month, indicating strong pricing momentum and the stock touched its new all- time high of Rs 607.9 in the early hours of trade today
Mazagon Dock Shipbuilders jumped more than 8 percent to end at record closing high of Rs 556.25, forming strong bullish candle on the daily charts with higher high higher low for fourth consecutive session. The stock gained 30 percent in these four days with above average volumes.
Jindal Steel & Power gained 3.6 percent at Rs 418.2, continuing uptrend for the third consecutive session, while Mazagon Dock Shipbuilders rallied 7.7 percent to end at record closing high of Rs 461.85, forming a bullish candlestick pattern on daily charts.