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
The market may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to remain in positive territory amid consolidation. Below are some trading ideas for the near term.
The benchmark indices are expected to consolidate further until a decisive close above short-term moving averages. Below are some trading ideas for the near term.
The Nifty 50 may see further selling pressure in the upcoming session, given the negative sentiment. Below are some trading ideas for the near term.
Looking at the recent developments, another leg of 200-300 points (22,700-22,800) rally on the Nifty 50 could be seen on the cards under favourable scenarios.
Tata Motors formed long bullish candlestick pattern on the daily timeframe after a decisive breakout of horizontal resistance trendline adjoining highs of February 5 and February 16, with above average volumes.
Indicators have lost the momentum and moving downwards for the index on the daily chart and therefore it would be advisable to take aggressive longs only above the crucial resistance of 22,000-22,100 in the Nifty.
NCC has seen a breakout of horizontal resistance trendline adjoining multiple touch points and formed long bullish candlestick pattern with strong volumes on the daily scale. With Thursday's rally, stock traded well above all key moving averages.
NCC has seen a breakout of nearly a month-long consolidation and formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the trading volume was highest since January 2 this year.
The 19,600-19,500 zone may be crucial for Nifty and, if this is breached, then correction can be seen towards 19,300. On the higher side, 19,700-19,800 is important to watch out for as a decisive close above 19,800 may take it towards its fresh all-time high
On the upside, there is resistance at 19,500 for the Nifty, suggesting that the price may struggle to move beyond this level. A decisive move above 19,500 might lead the writers to unwind their positions.
NCC hit multi-year highs and formed strong bullish candlestick pattern on the daily scale with healthy volumes. The stock has seen a breakout of small consolidation as well as upward sloping resistance trendline adjoining highs of June 5 and July 6, which is a positive sign.
Zomato shares gained 4.4 percent to settle at Rs 67.30, the highest closing level since December 2 last year, and formed long bullish candlestick pattern on the daily scale with above average volumes. The stock has given a nice breakout for the Mother candle of May 9, which is a positive sign, with trades above all key moving averages.
NCC is in a classical uptrend and witnessed a breakout out of an ascending triangle formation, then retested its breakout level and resumed its uptrend.
KPIT Technologies is currently trading at its record high, this illustrates that the stock already is in strong momentum. The stock has already shown a breakout of the Cup & Handle pattern which indicated continuation of prior uptrend.
The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark
Neuland Laboratories breaks out from a falling trend line on the daily chart with a rise in volumes. The momentum indicator RSI (relative strength index) has crossed the level of 60 with a positive crossover confirming the buy signal.
Experts expect the momentum to continue if the stock holds the crucial support area of Rs 90
Aditya Birla Capital has broken down from the upward sloping trendline on the daily chart, adjoining the lows of May 16 and May 26, 2022. The stock price is forming lower top lower bottom formation on the weekly chart.
Mid and smallcaps may cool off a little but this opportunity should be used to add quality stocks to your portfolio as the long-term market outlook is bullish, says experts
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
On the weekly chart, Nifty has formed a bullish higher top higher bottom pattern. A similar pattern is also observed in the Midcap and Smallcap indices, indicating broad-based rally in the markets.
As Nifty has already risen more than 8 percent from the low made on June 12, the index may move up gradually but the focus of the traders should continue to be on the mid-cap stocks.