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 frontline indices are expected to continue trading within the previous week's range. Below are some short-term trading ideas to consider.
The benchmark indices are expected to consolidate further. Below are some short-term trading ideas to consider.
The mood on Dalal Street is likely to remain optimistic in the upcoming sessions. Below are some trading ideas for the near term.
The bearish sentiment is expected to continue, as the market traded well below all key moving averages (10-20-50-100 EMAs). Below are some trading ideas for the near term.
The Nifty 50 is expected to maintain its upward momentum, supported by a fall in volatility. Below are some trading ideas for the near term.
HDFC AMC recorded more than 3 percent gains to Rs 3,894.65, which is near the record closing high of Rs 3,903.85 of February 27 this year. The stock has formed bullish candlestick pattern on the daily charts with significantly higher volumes.
On the higher end, the resistance is placed at 21,900-22,000 for the Nifty 50.
A decisive move above 21,500 could potentially trigger a significant rally in the Nifty 50.
Technically, Nifty's daily chart showcases a bullish candle supported by a positive weekly candle.
IDFC First Bank has seen a horizontal resistance trendline breakout adjoining multiple resistance points. The stock has formed bullish candlestick pattern with upper shadow on the daily charts, with above average volumes.
KPIT Technologies has demonstrated its ability to maintain a position above the crucial moving average, indicating an ongoing bullish trend.
Power Grid Corporation of India has recently experienced a breakout from a consolidation pattern, indicating a potential shift in its price trend.
Dreamfolks has recently experienced a breakout on the daily chart, accompanied by a significant increase in trading volumes.
GNFC has given a strong breakout on the daily chart with a sharp surge in volumes. The stock has broken out from a falling channel pattern which was in force for the last 2-3 months.
Nestle India was the third biggest gainer in the futures & options segment, rising 4 percent to Rs 20,244, the highest closing level since December 22 last year and formed long bullish candlestick pattern on the daily timeframe with strong volumes.
One should avoid trading aggressively till the time market stabilises from this turbulence, Sameet Chavan of Angel One advises
Power Grid Corporation of India is in a strong uptrend across all timeframes and is approaching an all-time high breakout of Rs 241
Power Grid has made fresh life time highs this week and is sustaining at higher levels which shows strong strength of the stock. On weekly charts the stock has been taking support at 20 week SMA since November 2020 indicating bullish undertone for the medium to long term.
Prices are trading in a higher high higher bottom formation on the daily chart for the last two months which indicates an uptrend in Power Grid Corporation of India in the medium term.
Power Grid has been moving in an uptrend with higher highs and lows formation since March 2020. The stock has been taking support at its 20-week SMA (Rs 201) since January 2021 with some mild whipsaws.
Here's what Mazhar Mohammad of Chartviewindia, recommends investors should do with these stocks when the market resumes trading today.
The government's intent is to improve efficiency and bring in new investments and the dramatic rise in stock prices is a reflection of this sentiment.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
Any sustainable move above 14,750 levels may cause momentum towards 14,850-14,900 levels.
After four days of the minor consolidation, Bank Nifty witnessed a breakout of the range and registered its lifetime high in the initial trading hours.