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
Buying momentum is expected to strengthen further if the frontline indices sustain above the 20-day EMA in the upcoming sessions. Below are some short-term trading ideas to consider.
The market may see further consolidation with a negative bias if it breaks Monday’s low in the upcoming sessions. Below are some short-term trading ideas to consider.
Consolidation is expected to continue in the upcoming sessions until the frontline indices trade above their short-term moving averages. Below are some short-term trading ideas to consider.
The momentum is expected to remain positive, but considering the 1,000-point rally over the last two sessions, some consolidation cannot be ruled out. Below are some trading ideas for the near term.
The Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
Jubilant Ingrevia, Vishnu Prakash R Punglia, Piramal Enterprises, Balkrishna Industries, and Adani Ports and Special Economic Zone can also be on radar.
The volatility index (VIX) bouncing back suggests challenges ahead, while on the downside, a breach below 22,300 could lead to a slide towards 22,100–22,000 on the Nifty.
The Nifty is currently trading within a rising channel pattern, suggesting potential bullish momentum if it manages to maintain levels above 22,300 in the current week, with a likely target range of 22,750-22,800.
KEI Industries formed strong bullish candlestick pattern on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trendline adjoining highs of January 5 and February 16, and traded above all key moving averages.
Experts expect the momentum to sustain in the coming weeks, too, with immediate resistance at 22,500-22,600, followed by the medium-term target of 23,000, provided it holds the upward sloping resistance trendline
The levels to watchout for in the current week would be 22,500 - 22,600 on the higher side on the Nifty 50, and 22,000 - 21,800 on the lower side.
In the upcoming sessions, the psychological level of 22,000 is expected to serve as a significant support level, with any breach below potentially triggering further panic selling.
Traders with existing position should continue to ride the trend in AIA Engineering while any declines in the stock towards the supports should be used as a buying opportunity.
Traders are advised not to trade aggressively till the time trend becomes clear and one needs to be very selective in picking stock
Moneycontrol has collated a list of rate-sensitive stocks that may be a good buy at current levels or on dips from a 2-3 weeks' perspective. Returns are calculated based on April 7 closing price.
Sameet Chavan of Angel One advises shorting Tata Motors for a near-term target of Rs 442. The stop-loss can be placed at Rs 471.
Here's what Karan Pai of GEPL Capital recommends investors should do with these stocks when the market resumes trading today.
Short-term trend of the Nifty is weak. Therefore, remain cautious till it closes above the 17,300 levels.
As of now, prices are showing a sign of a profit booking or a short-term bearish trend. The immediate support for the Nifty is placed at 17,450 levels and if in any case this support is broken then the gate is wide open till 17,000 mark.
Nifty has been forming an indecisive candle pattern for the last three weeks on weekly charts. This shows fatigue in market sentiment at higher levels which can cause some correction if the Nifty breaches 15,430, said Vidnyan Sawant of GEPL Capital
We advise traders not to get complacent and not to get over leveraged. They should follow strict stop losses for existing positions, said Sameet Chavan of Angel Broking
On the higher side, now 13,500 holds a maximum open interest in Calls which should act as an immediate hurdle for Nifty.
After some tough years, the pharma sector is performing well and is around 25 percent up while the broader market is down 20 percent year-to-date.
Mitesh Thakkar of miteshthakkar.com suggests selling Escorts with a stop loss of Rs 760 for target of Rs 725 and Mahindra & Mahindra with a stop loss of Rs 458 for target of Rs 435.
Mitesh Thakkar of miteshthakkar.com suggests buying HDFC with a stop loss of Rs 2127 for target of Rs 2060.