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
Sudarshan Sukhani of s2analytics.com suggests buying Piramal Enterprises with stop loss at Rs 2850 and target of Rs 3000, Mahindra & Mahindra with stop loss at Rs 960 and target of Rs 980 and Berger Paints with stop loss at Rs 332 and target of Rs 344.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance above Rs 2765 with stop loss of Rs 2744 and target of Rs 2840, Cummins India with a stop loss of Rs 674 and target of Rs 705 and India Cements with a stop loss of Rs 118.8 and target of Rs 129.
Trader and investor can buy this scrip around Rs 2750-2760 with the stop loss Rs 2627 for the target of Rs 3000 and 3060 levels.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
Traders shouldn’t miss this opportunity and advise creating fresh long positions in the mentioned range of Rs 2,520-2,540.
Though we’re seeing an early sign of bottoming out on the broader front but it’s advisable to remain extra cautious in midcap and smallcap space and avoid the temptation to fall for penny stocks
Ashwani Gujral of ashwanigujral.com advises buying Asian Paints with a target of Rs 1410.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India with a stop loss of Rs 387.8 and target of Rs 405 and sell DLF with a stop loss of Rs 196.2 and target of Rs 182.
Nifty is likely to remain volatile ahead of expiry due on Thursday. Experts say investors should look for stock-specific opportunities to take advantage of the upside momentum.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Can Fin Homes with stop loss at Rs 348 and target of Rs 333 and also sell Ceat with stop loss at Rs 1322 and target of Rs 1262 while one can buy Godrej Consumer Products with stop loss at Rs 1155 and target of Rs 1185.
Owing to the mean reversion nature of VIX, a rise in volatility is possible in coming trading sessions which could lead to choppy trading sessions going forward.
Mitessh Thakkar of mitesshthakkar.com iis of the view that one can sell CESC with a stop loss of Rs 991, target of Rs 950, HDFC with a stop loss of Rs 1840, target of Rs 1790 and buy Bata India with a stop loss of Rs 799, target of Rs 855.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
Here is a list of 3 trading ideas which could give up to 14% return in the short term.
"Thus the stock looks positive from short-term as well as medium-term perspective. It is moving up along with a rising trendline which is a positive sign for the bulls," says Rohit Srivastava, fund manager – PMS Sharekhan by BNP Paribas.
“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
Rajesh Agarwal of AUM Capital recommends buying Reliance Industries with target at Rs 1039 and stop loss at Rs 960 and L&T Finance Holdings with target at Rs 178 and stop loss at Rs 163.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Steel, Adani Enterprises, JSW Steel and Vedanta and can buy L&T Finance and Piramal Enterprises.
Top 10 stocks which could give up to 20% return in the next 3-4 weeks.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Axis Bank and ICICI Bank and can buy Hindustan Zinc.
Prakash Gaba of prakashgaba.com is of the view that UltraTech Cement can slide to Rs 4100 while Hindalco Industries may slip to Rs 240.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Tata Consultancy Services and can sell Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and HPCL and can buy Hexaware, Infosys, Jubilant Foodworks and Sun Pharma.
Instead of looking at the Index, investors should focus more on stock specific opportunities and if you look for them, there are plenty available.
Rahul Shah of Motilal Oswal recommends buying Mahindra & Mahindra, Sun Pharmaceutical Industries and Piramal Enterprises.