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 is likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider.
The market is expected to react negatively to the 26% discounted reciprocal tariff on India announced by Donald Trump, but some buying can't be ruled out at lower levels. Below are some trading ideas for the near term.
The Nifty 50 is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the near term.
Nippon Life has seen a breakout of horizontal resistance trendline adjoining highs of June 30 and July 12, and formed a bullish candlestick pattern on the daily timeframe with above average volumes. Further, it has also seen a golden crossover this month.
Divis Laboratories shares jumped 10 percent to Rs 3,212, the highest closing level since February 2, and formed strong bullish candle on the daily charts with robust volumes. The strong rally has taken the stock above 50 and 100-day EMA).
The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area
Though Hindustan Aeronautics looks lucrative at current levels, one should wait as HAL is trading near its previous tops.
Traders should remain stock-specific with bias likely to remain in favour of bulls as long as Nifty holds above 14,700 level.
The focus now will be on the third-quarter results for FY21 starting from this week and we could see individual price performance with respect to the outcome and guidance from the companies.
We continue to believe that the AUM growth story remains intact with the benefit of MTM gains more than compensating for the stressed inflows.
Nifty is now almost 1,000 points up from the previous all-time level of 12,430, registered in January 2020.
One should always avoid investing in bad quality businesses because as is said a rising tide lifts all the boats but the end outcome is always bad in investing if one ignores the quality aspect, Shailendra Kumar of Narnolia advised.
The break of 10,550 – 10,600 level will open the gate for 11,000 level in the coming trading sessions. In case the index violates 10,000, a sharp decline will take place which could drag the index towards 9,700 – 9,500 levels.
While having buy rating on NAM India with a target of Rs 300 per share, ICICI Direct said, "In the current environment, near term outlook remains uncertain but structural changes including increase in financial savings remains positive."
Given the uncertainties surrounding COVID-19, change in consumer behavior is much likely & thus the value for insuring oneself would be acknowledged as a pure risk cover rather than just an investment product.
Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
From the lingering slowdown in the economy to the outbreak of coronavirus, the market has a lot to deal with.
On the technical front, the secondary oscillators suggest further consolidation for Nifty within a range of 12,050 to 12,250, while Bank Nifty is likely to trade in the range of 31,000 to 31,500.
Taking the Fibonacci theory into consideration, the prices have breached 161.8 percent projection level of previous week range without retracing and generally, such a fall is followed by a sharp pullback.
The BSE mid-cap index added 2.35 percent, while the small-cap index rose 1.55 percent and the BSE large-cap index was up 1.20 percent in the past week.
We are seeing indications of short term up move in select PSU banks but we still recommend preferring private banks over the PSU pack for the long term investment.
AMCs have had a strong run-up in the recent past, with HDFC AMC and RNAM up 119 percent and 91 percent respectively, since April 30, 2019.
DII and FII buying at various bottoms have arrested the downfall and we see buying interest from various market participants, said Vijay Kuppa of Orowealth.
Of the qualitative IPOs, we recommend four companies that listed in the last two-to-three years and have delivered consistent performance in a volatile market
Most experts believe that the economy, as well as earnings, will pick up in the next financial year