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 trend is expected to remain favourable for bears, but some rebound can't be ruled out, considering the significant fall in the past few days. Below are some trading ideas for the near term.
The market may consolidate further and take cues from the RBI policy for further direction. Below are some trading ideas for the near term.
Experts are not worried due to this market fall, in fact, it gives an opportunity to pick quality stocks including rate sensitive stocks on dips.
PNB Housing Finance has formed long bearish candlestick pattern on the daily scale after breaking down bearish Flag and Pole pattern, generally indicating may be more weakness going ahead. Further it has decisively fallen below 200-day EMA (Rs 481) as well, though trading volume was slightly below average.
BHEL shares gained more than 4 percent to close at Rs 78 and formed long bullish candle on the daily charts after two-day consolidation, with above average volumes. It traded above all key moving averages (9, 50, 100 and 200-day EMA - exponential moving average).
Lemon Tree Hotels has established a solid base at Rs 72 level and is now poised to break out of a triangular formation upward, which might spark new bullish momentum.
RBL Bank shares rallied 6 percent to Rs 167.55 and formed big bullish candle on the daily charts with above average volumes, making higher highs higher lows for second consecutive session. The stock has seen a nice and decisive breakout of horizontal resistance trend line in the gap up opening on Wednesday.
PNB Housing Finance was in focus, rising more than 4 percent to Rs 444, which was one month high, and formed robust bullish candle on the daily charts with large volumes for second consecutive session.
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
The short-term trend remains weak with support for Nifty is coming near 12000-11950 zone, experts say.
Nifty made a rounding top pattern on the daily charts and retraced back towards 50 percent Fibonacci retracement levels of the swing seen from 11,930 to 12,430.
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
Mitessh Thakkar of mitesshthakkar.com recommends buying CESC with a stop loss of Rs 716 and target of Rs 755, Cipla with a stop loss of Rs 527 and target of Rs 548 and Hindalco Industries with a stop loss of Rs 207 and target of Rs 219.
Rajesh Agarwal of AUM Capital recommends buying BEML with stop loss at Rs 665 and target of Rs 720, Axis Bank with stop loss at Rs 600 and target of Rs 625 and Hindalco Industries with stop loss at Rs 230 and target of Rs 255.
Midcap and smallcap indices gained 7.3 percent and 6.3 percent, respectively.
Nifty fell 168 points, while Sensex was down 417 points in the last week.
Oscillator like RSI is showing positive divergence where the stock price has made a new low and Oscillator has formed a higher low.
Rajesh Agarwal of AUM Capital suggests buying Aptech with a stoploss of Rs 153 and target of Rs 170.
This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of a trend reversal for the short-term.
We recommend buying the stock at CMP for the target of Rs 1,550 and keep a stop loss placed below Rs 1,330 on a closing basis, says Vinay Rajani of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying Torrent Pharmaceuticals with stop loss at Rs 1768 and target of Rs 1800, Lupin with stop loss at Rs 898 and target of Rs 923 and Adani Transmission with stop loss at Rs 195 and target of Rs 215.
The Nifty has been maintaining a bullish setup with higher tops and higher bottoms. However, Oscillators have been gradually losing strength on the short-term charts.
Rajesh Agarwal of AUM Capital recommends buying PNB Housing Finance with stop loss at Rs 1160 and target of Rs 1228, GAIL (India) with stop loss at Rs 352 and target of Rs 378 and Havells India with stop loss at Rs 560 and target of Rs 590.
Here is a list of top 10 stock ideas from different experts which can offer up to 22% return in the next 30 days.
Ashwani Gujral of ashwanigujral.com suggests buying Kotak Mahindra Bank, Axis Bank, PNB Housing, Escorts, SREI Infra and Bajaj Auto.