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
Overall, the market is likely to remain positive as long as it sustains above all key moving averages. Below are some trading ideas for the near term.
Central Depository Services (CDSL) has decisively crossed 200-day EMA and formed healthy bullish candlestick pattern on the daily scale with above average volumes.
Experts expect the rally to continue in the coming sessions, with the Nifty 50 moving towards 19,100-19,200 levels, after which minor profit booking can't be ruled out.
Zensar Technologies has seen a strong buying interest, rising 13 percent to Rs 384.15, the highest closing level since April 8 last year, and formed robust bullish candlestick pattern on the daily charts, with significantly higher volumes on last both trading days.
Kalyan Jewellers India was also in focus, rising 5.5 percent to end at record closing high of Rs 125.45. The stock has formed big bullish candle on the daily charts with robust volumes. Also there was a breakout of small downward sloping resistance trend line adjoining December 13 and December 15, 2022.
On the daily chart, ITI has confirmed "Rounding Bottom" formation breakout at Rs 115 levels along with huge volumes. The stock has recaptured the 200-day SMA and rebounded sharply.
Correction is expected to continue, but this is the right time to accumulate quality stocks, most of experts feel
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
We have collated a list of stocks which remained in focus in last few sessions because of their price action
India’s plastics industry is one of the biggest in the world. Industry volumes are estimated at 16MMTPA (in FY17), with market size at Rs 1.8 lakh crore.
Ashwani Gujral of ashwanigujral.com has a buy on Gujarat Alkalies with a stop loss of Rs 775, target of Rs 800, a buy on Gujarat Fluorochemicals with a stop loss of Rs 920, target of Rs 960 and a buy on GSFC with a stop loss of Rs 156, target of Rs 170.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Container Corporation of India, Indian Oil Corporation, Essel Propack and Godrej Properties and sell Mahindra and Mahindra.
Ashwani Gujral of ashwanigujral.com recommends buying Indian Oil Corporation, Container Corporation of India, Essel Propack, Godrej Properties and Britannia Industries.
According to Prakash Gaba of prakashgaba.com, one may hold Essel Propack for long term.
According to Avinash Gorakshakar, Market Expert, one may remain invested in Essel Propack.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Sameet Chavan of Angel Broking is of the view that one may buy BEML with a target of Rs 972.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services, Bata India, Essel Propack and JSW Steel.
Shahina Mukadam, Independent Market Expert advises buying Nalco with a target of Rs 46.5.
Sudip Bandopadhyay, Market Expert is of the view that one may enter Essel Propack.
SP Tulsian of sptulsian.com is positive on Essel Propack.
Jagannadham Thunuguntla, Head of Research at Karvy Stock Broking recommends buying Essel Propack on dips and also Jain Irigation.
Here‘s a list of top 10 stocks that are in news due to their Q4 earnings
Vishal B Malkan, malkansview.com advises buying IRB Infrastructure for a target price of Rs 285 and Ranbaxy Labs for a target price of Rs 720.
SP Tulsian, sptulsian.com is of the view that Essel Propack can touch Rs 45-48.