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 selling can be extended in the coming sessions with support at 18,100-18,000 levels, however, on the higher side, the index may face hurdles at 18,500-18,700 levels if it holds these supports
The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said
Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range
MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
Healthcare Global Enterprises has broken out from the horizontal channel on the weekly charts. Price breakout is accompanied by jump in volumes. It is placed above all important moving averages, which indicates bullish trend on all time frames.
Indicators and oscillators like MACD (moving average convergence and divergence) and RSI have turned bullish on the weekly charts. KIMS is placed above all important moving averages, indicating bullish trend on all time frames.
Given the subdued environment, the index may touch its August lows of around 17,150 and if that gets broken, then falling below psychological 17,000 mark can't be ruled out in coming sessions, with hurdle on the upside at 17,700-17,800 levels
Recently on a weekly scale, Gujarat Gas confirmed a bullish Inverted Hammer candlestick pattern followed by a bullish Piercing pattern exactly at the mentioned support levels and that is adding more confirmation of further upside in the counter.
If you are a retail investor have Rs 1 crore to invest, here are a few recommendations for investing and dividing your portfolio exposure across these sectors.
Nifty needs to hold above 11,250-11,350 range which could again give an upper hand to bulls to drive the move towards 11,650-11,700 zone.
Though the negative bias is expected in the short term but stock-specific opportunities are likely to keep the traders in high spirits.
Investors look at the dividend yield to ensure a certain amount of return on their investment, even if share prices remain subdued. However, not all of them are attractive
By surpassing the resistance of 8,600 in the previous week, Nifty also confirmed the bullish inverse head and shoulder pattern breakout on the daily line charts.
Nifty snapped its two-day winning streak on the back of weak global cues to close with a loss of 129 points at 12,119.
Sudarshan Sukhani of s2analytics.com advises selling Bharti Infratel with a target of Rs 201.
In case of breakout, the index will face hurdle around its psychological level of 12,000.
Nalin Shah of NVS Brokerage said on the domestic front, the uncertainty surrounding upcoming state elections and the government's inability to spruce up exports will continue to keep the rupee under pressure
The stock has also found support at its long-term 200-DEMA of Rs 2580 and bounced back and has reversed from the 61.8 percent retracement zone of Rs 2508, says Hadrien Mendonca of IIFL.
The only saving grace is 10,200 rising trendline support zone on the weekly chart which the Nifty has just managed to hold above.
Rajesh Agarwal of AUM Capital recommends buying Hindustan Petroleum Corporation with stop loss at Rs 198 and target of Rs 220, Dredging Corporation with stop loss at Rs 327 and target of Rs 355 and Graphite India with stop loss at Rs 855 and target of Rs 900.
The major reasons behind rupee fall are strengthening dollar on recovery in the US economy and Turkish lira losing 28 percent against the greenback in August and more than 40 percent year-to-date.
The midcap and smallcap space continued to outperform even in this week registering the second consecutive week of smart gains. We expect the broader indices to play a catch up with benchmarks.
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 192 and target of Rs 205, Venkys with stop loss at Rs 2618 and target of Rs 2820 and Jet Airways with stop loss at Rs 319 and target of Rs 350.
We expect the stock to make a steady move higher towards its potential target of Rs 2880 levels in the medium term.
Hadrien Mendonca of IIFL said projections indicate that the Nifty is on its way towards its potential near-term target of 11,350-11,400 levels.