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 see a bounce-back after the significant selling pressure of last week, but sustainability is the key to watch. Below are some short-term trading ideas to consider.
The rangebound trade may continue until the frontline indices decisively break Monday's high. Below are some trading ideas for the near term.
The market is expected to consolidate until it gets back above all key moving averages. Below are some trading ideas for the near term.
The benchmark indices are expected to remain rangebound. Below are some trading ideas for the near term.
Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for
Speciality Restaurants has broken a horizontal trend line resistance on the daily chart and has a strong bullish setup. It has retested its previous breakout level of Rs 240 after hitting a fresh all-time high.
Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages.
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
Minda Corporation has witnessed an ‘Inverted Head & Shoulder’ pattern breakout on the daily chart, which has been backed by robust volumes. The technical indicators construe a firm setup in the stock price, and it is expected to continue its upward journey in the comparable period.
Primary trend of Minda Corporation turned positive as stock price closed above its 200 days EMA. Momentum Oscillators like RSI (11) and MFI (10) have witnessed trendline breakout, indicating higher possibility of price to gain momentum from hereon. One can buy the stock in the range of Rs 205-200.
On weekly time frame of KEC, prices have taken multiple support from the 50 percent of Fibonacci retracement level of prior advance from Rs 155 level (April 2020) to Rs 550 level (October 2021). In this week, prices gave a breakout from the rectangle pattern which it had formed for past 17 weeks starting from March 2022.
Most sectors, barring IT, participated in the rally on June 24. Bank, auto, financial services, FMCG, and metal indices gained 1.2-2 percent
Although the trend continues to be positive, the oscillators are deeply overbought and hence the risk reward ratio for fresh buying is not favourable for Vaishali Pharma.
Surpreme Petrochem is witnessing a breakout of the Bullish Flag formation to resume its classical uptrend where we can see a much higher level while Rs 980 is an immediate target.
If Nifty surrenders its 200-DMA (16,877) then things may become ugly where 16,400-16,000 are the next important support levels, says Santosh Meena of Swastika Investmart.
Technically, 16,800 is long-term trendline support and a previous demand zone while 200-DMA (daily moving average) is placed around 16,600 level, therefore we can expect a pullback rally from here.
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
Short-term trend remains positive for Nifty. Next upside target for Nifty is seen around 18,350 levels, followed by 18,600. Longs should be protected with stop loss of 17,780, says Nandish Shah of HDFC Securities.
Here is what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading on November 2.
The derivative data suggests that Nifty is likely to witness further short covering and move towards the 18,400 mark in upcoming sessions.
Neeraj Chadawar of Axis Securities believes that market volatility is likely to provide good opportunities for Midcaps and Small caps.
Historically speaking, the midcap and smallcap indices have never given negative returns for two consecutive years, and they have had a dismal 2018.
At the current juncture, investors can start looking to build a strong portfolio with quality names in largecaps, midcaps and smallcaps
In an interview to CNBC-TV18, Rajesh Kothari, Managing Director, AlfAccurate Advisors shared his views and readings on some of the sectors from the broader market which are doing well despite of volatile market.
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.