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
JSW Energy has been correcting along with the broader market since the month of October. The stock has been forming a 'Lower Top lower Bottom’ formation on the daily chart and hence seems to be retracing its previous uptrend.
Crompton Greaves Consumer Electrical, falling 4.91 percent to Rs 407.45 per share, was the top loser in the NSE derivative segment. The scrip had gained nearly 13 percent in previous four sessions.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
The Nifty is approximately 1.4 percent short of a lifetime high while the Bank nifty needs the appreciation of 21 percent approximately to reclaim the all-time high.
Momentum indicators are yet to witness an overbought state while there are no signs of divergence displayed on the daily scale.
To put things into perspective, we can expect the prices to trade in a range of 10,900 to 11,399 with a positive bias in the coming days.
Despite the bullishness, it is ideal to remain nimble while trading, as the index has again entered its overbought state with an ongoing negative divergence.
The volatility index India VIX remained unchanged near 38 levels. Due to recovery from the lower levels, it has formed a dragonfly Doji candlestick pattern on the weekly scale which is a bullish reversal candle.
Ashwani Gujral of ashwanigujral.com recommends buying PVR with a stop loss of Rs 1960, target of Rs 2010 and Kotak Mahindra Bank with a stop loss of Rs 1630, target of Rs 1665.
Sudarshan Sukhani of s2analytics.com recommends selling Havells India with stop loss at Rs 646 for target of Rs 631 and MCX India with stop loss at Rs 1125 and target of Rs 1050.
Any close above 11,200 would trigger short covering rally towards 11,287 and 11,440.
Nifty futures were trading around 11,039-level on the Singaporean Exchange.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1295 and target of Rs 1340 and Hindustan Unilever with stop loss at Rs 1710 and target of Rs 1755.
We expect volatility to inch higher this week as participants will unwind and rollover their derivatives positions due to schedule F&O expiry on July 25
Mitessh Thakkar of mitesshthakkar.com recommends buying Asian Paints with a stop loss of Rs 1386 and target of Rs 1440 and Zee Entertainment above Rs 368 with stop loss of Rs 363 and target of Rs 382.
Any close below 11,250 levels would lead to an extension of the fall towards 200 day SMA which is placed around 11,100 levels.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks with a stop loss of Rs 1230, target of Rs 1275 and Tata Global Beverage with a stop loss of Rs 259, target of Rs 271.
Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda with stop loss at Rs 127 and target of Rs 134 and Colgate Palmolive with stop loss at Rs 1160 and target of Rs 1200.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a stop loss of Rs 360, target of Rs 374 and Bharti Airtel with a stop loss of Rs 348, target of Rs 364.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2892 and target of Rs 3000 and advises selling Godrej Consumer Products with a stop loss of Rs 662 and target of Rs 625.
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 660 and target of Rs 675, Divis Labs with stop loss at Rs 1698 and target of Rs 1730 and United Spirits with stop loss at Rs 536 and target of Rs 565.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Biocon with a stop loss of Rs 629 and target of Rs 670 and sell IndusInd Bank around Rs 1525 with stop loss of Rs 1550 and target of Rs 1480.
Ashwani Gujral of ashwanigujral.com recommends buying Manappuram Finance with a stop loss of Rs 94, target of Rs 106, Siemens with a stop loss of Rs 1055, target of Rs 1100 and ICICI Bank with a stop loss of Rs 375, target of Rs 390.