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 consolidation amid range-bound trading may continue in the upcoming sessions due to a lack of triggers. Below are some short-term trading ideas to consider.
The frontline indices are expected to see more consolidation with a negative bias in case the 10-day EMA is broken. Below are some short-term trading ideas to consider.
The market decisively needs to break the trading range of the May 15 session to establish a firm direction. Below are some short-term trading ideas to consider.
The consolidation is expected to continue as long as the frontline indices trade below all key moving averages. Below are some trading ideas for the near term.
The bearish sentiment may persist as long as the market trades below all key moving averages. Below are some trading ideas for the near term.
Experts suggest that unless Nifty 50 decisively climbs and sustains above 24,400—where the highest Call open interest is placed—the consolidation may continue, with support at the 24,000 mark. Here are some trading ideas for the near term.
Experts advise traders to remain light from here on as the market is now approaching the final phases of the election.
Looking at the close of Smallcap and microcap indices, traders should remain cautious in those segments.
Looking ahead, there might be a consolidation phase for the Nifty in the near term.
Oil India hit the highest level since November 2014 during the day and formed strong bullish candlestick pattern with long upper shadow on the daily scale, with robust volumes, especially after consolidation for more than a week.
Data Patterns India continued to consolidate since the mid of September and formed Doji candlestick pattern on the daily scale, but tested 50-day EMA (Rs 2,113) and went closer to falling resistance trendline during the day. The stock rose 0.85 percent to Rs 2,099 on the NSE
Sonata Software added nearly 3 percent gains to end at record closing high of Rs 859, on top of 11 percent rally in previous session, forming bullish candle on the daily timeframe with long upper shadow. The volumes remained robust for last both trading sessions.
Primary trend of OIl India is bullish as it has been trading above its 50, 100 and 200-day EMA. For last couple of weeks, stock is consolidating in the narrow range with lower volumes.
Cyient was also in focus, rising over 2 percent to Rs 974, and formed bullish candle on the daily charts with above average volumes. The stock has been making higher highs higher lows formation for third consecutive session, with trading above all key moving averages.
Mphasis, like other technology stocks, traded quite strong, rising nearly 5 percent to Rs 2,263, the highest closing level since August 23, 2022 and formed robust bullish candle on the daily charts with strong volumes. Also with Thursday's rally, the stock now traded above all key moving averages, indicating positive sign.
Info Edge tanked more than 9 percent to Rs 3,464, the lowest closing level since May 25, 2022, and formed robust bearish candle on the daily charts with long lower shadow indicating some buying at lower levels, with significantly high volumes. It fell below all short term and long term moving averages.
Oil India shares climbed 4.5 percent to Rs 225 and formed strong bullish candle on the daily charts with above average volumes. Also there was Morning Star kind of pattern formation after recent correction, which is bullish reversal pattern.
Traders should keep focusing on stock-specific moves and should ideally remain light on positions till the time key indices consolidate in the recent congestion zone, Sameet Chavan of Angel One advised
For the last 5 months approximately, Max Financial Services is making lower highs and lower lows structure. Recently it has started changing its structure by making higher highs and higher lows, and also it broke 12 months old trendline.
HPCL formed long bullish candle on the daily charts with strong volumes, making higher high higher low formation. The stock has seen a decisive breakout of horizontal resistance trend line adjoining September 13 and December 12, 2022.
The Nifty is trading below its 21 and 50–day exponential moving average, indicating a continuation of the downtrend
The decline in the price of both stocks has been in keeping with the correction in global crude oil prices
Global crude oil prices have risen 29 percent so far in 2022 due to the Ukraine-Russia crisis, surging global demand, and restricted supplies.
On the long term, "the resumption of economic activity and the vaccination drive will dictate investor sentiment going forward, hence, we remain bullish on markets," Prashanth Tapse of Mehta Equities said.
PSU stocks have had a most forgettable year in 2020, with the Nifty PSE index declining about 30 percent since January. 2020.