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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 Nifty is trading below 20, 50 and 100-day SMA's which are important short term moving average, indicating negative bias in the short term
Sudarshan Sukhani of s2analytics.com recommends buying Mindtree with stop loss of Rs 702 and target of Rs 725 and Pidilite Industries with stop loss at Rs 1215 and target of Rs 1255.
Mitessh Thakkar of mitesshthakkar.com recommends buying ICICI Bank with a stop loss of Rs 424 and target of Rs 440 and Pidilite Industries with a stop loss of Rs 1224 and target of Rs 1270.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1295 and target of Rs 1340 and Hindustan Unilever with stop loss at Rs 1710 and target of Rs 1755.
Sudarshan Sukhani of s2analytics.com recommends buying Axis Bank with stop loss at Rs 798 and target of Rs 820 and Bata India with stop loss at Rs 1445 and target of Rs 1489.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a stop loss of Rs 360, target of Rs 374 and Bharti Airtel with a stop loss of Rs 348, target of Rs 364.
In the March quarter, the most popular stocks performed the worst, failing to beat the benchmark; whereas neutral to moderately popular stocks delivered the second best return
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 670, target of Rs 692 and Amara Raja Batteries with a stop loss of Rs 678, target of Rs 700.
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
Few large-cap stocks are performing well that are contributing high in the index gain. However, if we talk about mid and smallcap, steam is gathering to give a breakout based on the charts
If the voters vote for a stable government then we expect reform momentum to continue which would further support earnings growth.
The relative strength index (RSI) on the Nifty50 daily chart has formed a negative divergence, but a new high cannot be ruled out on a sustained trade above 11,680.
With moderation in crop prices, lower paddy sowing and an erratic and untimely monsoon are likely to keep the consumption of agri inputs under pressure
Volatility has seen steady rise in last couple of weeks. Hence further rise above 17 will be a cause of concern for the market.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finance with stop loss at Rs 2810 and target of Rs 2850, Pidilite Industries with stop loss at Rs 1168 and target of Rs 1192 and UPL with stop loss at Rs 902 and target of Rs 926.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV with a stop loss of Rs 600, target of Rs 625, Divis Labs with a stop loss of Rs 1600, target of Rs 1645 and Axis Bank with a stop loss of Rs 705, target of Rs 724.
Mitessh Thakkar of mitesshthakkar.com recommends buying Allahabad Bank with a stop loss of Rs 45 and target of Rs 49, Bajaj Auto with a stop loss of Rs 2790 and target of Rs 2875 and Steel Authority of India with a stop loss of Rs 47.9 and target of Rs 51.5.
Ashwani Gujral of ashwanigujral.com
We feel that Nifty may continue to hover within 10600-11,000 zones. However, the divergence between the benchmark index and the broader markets remains a cause of concern.
We expect Pidilite Industries revenues to grown at a CAGR of 15.8 percent from FY-19E through FY-20E.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 426 and target of Rs 436 and HCL Tech with stop loss at Rs 960 and target of Rs 990.
We suggest accumulating fresh longs as per the mentioned zone of Rs 1120-1130, says Jayant Manglik of Religare Broking
Breakdown below 10,700 would push Nifty towards 10,500. We advise traders to maintain positions on both sides and keeping leveraged positions hedged, says Jayant Manglik of Religare Broking.
We expect Pidilite Industries revenues to grown at a CAGR of 15.8 percent from FY-19E through FY-20E.
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
