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 24,500 level is likely to be key resistance as long as the Nifty 50 holds 24,200 support, and above this, 24,800 is the level to watch. Here are some trading ideas for the near term.
The upward move towards a record high is expected to be seen in the coming sessions.
The last week's low point of 19,250 is expected to be crucial this week as well. A breach of this level may pull down the index up to the psychological 19,000 mark, whereas on the higher side, 19,400-19,500 can be critical hurdles, experts said
Mishra Dhatu Nigam has experienced a breakout of a bullish Inverse Head and Shoulder pattern on the daily chart. It has retested its previous breakout level of Rs 213 and starts a new leg of the rally towards Rs 280.
Elecon Engineering is looking lucrative on technical fronts. Technically, it is bouncing back from a 38.2 percent retracement of the previous rally. It has witnessed a breakout of the triangle formation with strong volume, which suggests much more potential upside in this counter.
BSE Sensex and Nifty50 have rallied nearly 12 percent each since the week ended June 12. Both the indices have surged more than 48 percent each from their March 23 low
China, being the largest exporter of metals, any trade war could lead to uncertainty and adverse outlook on the sector.
The market is expected to break out of its 3-month high soon and Nifty may hit 10,300 this week itself, feels an expert
The structural reforms announced by the FM were hailed by experts and they said that the reforms are the long-term positives.
Ajit Mishra, VP - Research at Religare Broking expects stock specific activity will be on a higher side in coming days.
ISRO has been a game changer for MIDHANI. As space contributed around 55 percent of first half of FY20 topline, margins expanded to 29.9 percent.