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
Mitesh Thakkar of miteshthakkar.com recommends buying Ashok Leyland with a stop loss of Rs 84 for target of Rs 92 and Dish TV with a stop loss below Rs 13 for target of Rs 14.5.
Prakash Gaba of prakashgaba.com recommends buying Interglobe Aviation with target at Rs 1450 and stop loss at Rs 1385 and Reliance Industries with target at Rs 1575 and stop loss at Rs 1532.
Mitessh Thakkar of mitesshthakkar.com advised buying Apollo Hospitals with a stoploss of Rs 1,440 and a target of Rs 1,500.
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
The weekly strength indicator RSI is moving upwards and is quoting above its reference line, indicating a positive bias.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
Prakash Gaba of prakashgaba.com recommends buying Federal Bank with target at Rs 90 and stop loss at Rs 85 and REC with target at Rs 148 and stop loss at Rs 138.
Indications are in the favour of further consolidation and we expect the Nifty50 to hover within the 11,700-12,100 range in the coming week.
Ashwani Gujral of ashwanigujral.com suggests buying JSPL with stop loss at Rs 119 and target of Rs 130.
The Bank Nifty has formed inside bar candlestick pattern on the weekly time frame, indicating directionless move and an intense fight between bulls and bears
Market experts advise a prudent, stock-specific approach in such an uncertain market
The majority of the momentum oscillators are in oversold zone and the possibility of a bounce back from lower levels in coming sessions cannot be ruled out.
The weekly resistance for the index is now seen at 12,021 odd levels while support is placed at 11,830-11,704 odd levels.
When a medium-term moving average (50-day) crosses above a longer-term moving average (200-days) it is termed as a Golden Cross
To conclude, though the global market setup is weak, technical setup for Indian markets indicates a continuation of the bullish trend, said Nandish Shah of HDFC Securities
The current trend is likely to remain bearish for the index with some stock specific action and volatility on cards.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network with a stop loss of Rs 550, target of Rs 575 and Power Finance Corporation with a stop loss of Rs 104, target of Rs 116.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
Bollinger band used to analyze volatility breakout is almost flat suggesting sideways movement. At the same time volatility index, VIX has closed below 16 marks further adding to the range bound movement thesis.
We are recommending a buy in staggered manner for medium to long term.
For next week, Nifty has strong support at 10,800-10,740 levels and resistance at 10,940-11,035 levels
With decent volume participation witnessed, we recommend a buy in this scrip around Rs 90 for an upside target of Rs 104 with stop loss of Rs 83.
Nifty has a strong support of trend line and 200 DMA around 10,750 whereas a fall below these levels can extend index towards 50 DMA (10550).
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with a stop loss of Rs 617 and target of Rs 645, Colagate Palmolive with a stop loss of Rs 1114 and target of Rs 1160 and IRB Infra above Rs 145 with stop loss of Rs 141.5 and target of Rs 154.
It has been trading above its 200-DMA which is found around its Rs 88 levels also implying further strength. Moreover, momentum indicator RSI is also looking firm suggest further move, says Shabbir Kayyumi of Narnolia Financial Advisors.