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
Throughout this year, Finolex Cables has been sulking as we witnessed nearly 50 percent retracement of the previous up move to test the Rs 350 mark. Fortunately, the corrective phase ended there and after a brief consolidation, the stock prices started moving upwards.
Commodities will be the biggest gainers and as long as the geopolitical heat continues, it will be the dominating market theme, Axis Securities said.
Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.
For the week, the immediate resistance is placed around 17,900–18,000. Any move outside the range would trigger some momentum in major indices, says Sameet Chavan of Angel One
Sameet Chavan of Angel One says Traders should trade with a positive bias as long as the index remains above 17,000–16,800
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
The lower high lower and low formation will be neglected only above 17,600 levels till then, this can be considered as a short-term pullback
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Here's what Vikas Jain of Reliance Securities has to say about these three stocks when the market resumes trading today
The recent rally in some steel stocks has raised the concerns of peak valuations, but brokerages find it in line with their long-term historic mean.
Benchmark index Nifty has witnessed sharp V-shape reversal rally since global tension started to fizzle out.
Prakash Gaba of prakashgaba.com suggests selling Just Deal with stop loss at Rs 597 and target of Rs 570
Ashwani Gujral of ashwanigujral.com recommends selling Jindal Steel & Power with a stop loss of Rs 134, target of Rs 126, Raymond with a stop loss of Rs 710, target of Rs 685 and Hero MotoCorp with a stop loss of Rs 2430, target of Rs 2350.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1150 and target of Rs 1185, NIIT Tech with stop loss at Rs 1170 and target of Rs 1210 and RBL Bank with stop loss at Rs 568 and target of Rs 585.
Kotak expects demand for metals in 2019 to be weaker than 2018 due to slower economic growth in these large metal consuming geographies
Prabhudas Lilladher says that the current volatility should be used as an opportunity accumulate fundamentally strong stocks for long term.
Mitessh Thakkar of mitesshthakkar.com suggests buying Ajanta Pharma with a stop loss of Rs 999 and target of Rs 1050 and Coal India with a stop loss of Rs 282 and target of Rs 296.
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
Rajesh Agarwal of AUM Capital recommends buying National Aluminium Company with stop loss at Rs 65 and target of Rs 75 and Vedanta with stop loss at Rs 232 and target of Rs 250.
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.
Experts expect the market to hit newer highs but are concerned it is gradually getting overvalued and looking at similar valuations like it was at the start of 2018
"The company will gain from operating leverage in aluminium. We feel investors could buy the stock with target price of Rs 100," says Sumit Bilgaiyan, Founder of Equity99.
"We believe there is room for more upside in NALCO as the rally in aluminium prices will augur well for its earnings in the coming quarters," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Sandeep Wagle of powermywealth.com is of the view that one can buy Maruti Suzuki and can sell National Aluminium Company.
"Oscillators like RSI & MACD are in oversold zone. Sustenance trade above 10140 levels may add upside momentum till 10,190 and 10,250 marks. Strong support is seen around 9,900-10,000 levels," says Rajesh Agarwal of AUM Capital.