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 uptrend is expected to strengthen if the frontline indices decisively surpass short- and medium-term moving averages. Below are some short-term trading ideas to consider.
The market may remain consolidative and rangebound until it gives a strong close above all key moving averages. Below are some short-term trading ideas to consider.
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 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 market may extend gains amid likely consolidation. Below are some trading ideas for the near term.
The bullish bias is expected to sustain in the upcoming sessions. Below are some trading ideas for the near term.
Further downward movement seems possible in the market in the upcoming sessions. Below are some trading ideas for the near term.
The market is expected to remain rangebound with a positive bias in the upcoming sessions. Below are some trading ideas for the near term.
The market is expected to attempt an upward movement amid likely consolidation. Below are some trading ideas for the near term.
The market is expected to remain consolidative with a negative bias. Below are some trading ideas for the near term.
A further northward journey is likely to be seen in the Nifty 50, though it may be accompanied by consolidation. Below are some trading ideas for the near term.
Paytm hit a eight-month high of Rs 988 with above average volumes, continuing uptrend for fifth consecutive session. The stock has formed bullish candlestick pattern on the daily timeframe, with trading above all key moving averages.
Paytm has seen a breakout of downward sloping resistance trendline adjoining highs of August 25 and September 11 in the beginning of trade and formed long bullish candlestick pattern on the daily timeframe with above average volumes.
A significant breakthrough above the 19,500 mark could potentially trigger a rally towards higher levels.
Now the Nifty50 seems to be heading towards 18,900 – 19,000 which can be the best-case scenario.
The overall trend looks positive for the Nifty index. We expect the index to move higher till 18,887 followed by 19,055 levels in the coming future.
Suzlon Energy has formed Bullish Harami kind of pattern on the daily charts and rallied nearly 5 percent to Rs 14. The stock has been in an uptrend after the golden crossover with 50-day EMA crossing the 200-day EMA on May 24.
Paytm seems to have gained strength after the golden crossover in second half of May 2023, with 50-day EMA crossing 200-day EMA on the higher side, which is generally considered as a positive sign and the stock can get into momentum
In Paytm, the breakout of an ascending triangle formation is generally considered a bullish signal. This pattern consists of a flat top resistance level and upward sloping support, indicating potential buying pressure.
With the consistent rally, Paytm has surpassed all short-term as well as long-term moving averages, forming a bullish candle with upper and lower shadows on the daily charts with higher high higher low formation for the fourth consecutive day.
In a letter to shareholders, Paytm founder and CEO Vijay Shekhar Sharma said that the company had achieved operating profitability in Q3, which is three quarters ahead of the guidance which was for the September quarter.
The selling comes on the heels of similar offloading in shares of other new-age tech companies such as Nykaa and Zomato in recent weeks. The share prices of these companies have also been under pressure
However, Alibaba and Elevation Capital are enjoying huge notional gains on their Paytm holdings and are likely to pare stakes when the lock-in period expires on November 18
Investors seem to be cheering the June quarter numbers, as Paytm touched Rs 834.10 in at noon, its highest level since February 18.
Macquarie's price target for the stock is currently the lowest on the Street.