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
Experts expect the Nifty 50 to continue its upward journey towards the 24,700-24,800 zone, though some consolidation is likely. Above this range, the level to watch is 25,000, while on the downside, 24,300-24,200 is the key support area. Here are some trading ideas for the near term.
APL Apollo Tubes has formed long bullish candle on the daily charts with above average volumes, making higher high higher low for second straight session with momentum oscillator RSI trading above 60 level.
Oscillators on the higher timeframes indicated the sentiments are positive, but the lower timeframes (one hour and below) indicated negative sentiments which can be a sign of overbought and hence some setback can't be ruled out especially after 4 percent run up last week and 10 percent rally from June lows, experts said
With Friday's high, Polyplex Corporation has registered an all-time high which signals bullish sentiments. The major trend remains very strong across all timeframes as the stock continues to form higher tops and bottoms.
The price behaviour of Bandhan Bank for the last few trading sessions is hinting that this scrip is on a sustainable pullback mode. Moreover, the last 50 weeks of price behaviour is hinting that this counter is moving in some form of a downsloping channel.
Advice is to keep stock specific approach as many midcap stocks are better placed as compared to benchmark indices, says Nandish Shah of HDFC Securities.
Here are top 10 trading ideas by experts for February series, which could return up to 37 percent
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
Kunal Saraogi, Equityrush advises buying Jain Irrigation for a target price of Rs 83 and Ashok Leyland for a target price of Rs 46.
Polyplex Corporation can test Rs 250 in next six months, says SP Tulsian, sptulsian.com.
Polyplex Corporation can move to Rs 275-300 in the next six- eight months time, says SP Tulsian, sptulsian.com.
Jigar Shah, Analyst at Kimeng Securities is of the view that one can buy Polyplex Corporation. The target price is significantly higher for the stock, almost 2.5 times from the current stock price level, based on price earnings ratio of 4 times for this year