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
Investors look at the dividend yield to ensure a certain amount of return on their investment, even if share prices remain subdued. However, not all of them are attractive
This war between USA & China may intensify further & may take ugly shape going forward, which may change World Power Equation post-COVID-19 era, Amit Jain of Ashika Wealth Advisors said.
Further upsides are likely in the near term towards an immediate target of the cup and handle pattern that comes near 12,400 levels
Mitesh Thakkar of Miteshthakkar.com advises selling Power Grid with stop loss at Rs 196.5 and target of Rs 188.
Mitesh Thakkar of Miteshthakkar.com is of the view that one may buy DLF with stop loss at Rs 185.5 and target of Rs 200.
A sustained move above crucial resistance of 11,730 will push prices higher towards previous swing high of 11,950, and can extend towards a life high of 12,103 too.
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
Reversal will only be confirmed after the Nifty manages to surpass the 11,080 zone.
Prakash Gaba of prakashgaba.com recommends buying Maruti Suzuki with target at Rs 5750 and stop loss at Rs 5450 and Reliance Industries with target at Rs 1205 and stop loss at Rs 1160.
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.
The long-term 200-DMA levels of 11,130 is going to act as a crucial support area for the Nifty. On the upside, resistance is seen around the 11,400 zone.
Any decisive break below 11,300 could add further selling pressure in Nifty
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.
Ashwani Gujral of ashwanigujral.com suggests selling State Bank of India with a stop loss of Rs 361, target of Rs 346 and Kotak Mahindra Bank with a stop loss of Rs 1520, target of Rs 1465.
11,600 is acting as a change of polarity as earlier support has become resistance. A sustained trade above 11,600 may induce rally towards 11,850 - 12,000.
Nifty Infra can touch 3,525, which if held can lead to a further rise till 3,725, keep a stop-loss below 3,250
We expect volatility to continue as participants will be reacting list of events on both domestic and global front
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
Volatility has seen steady rise in last couple of weeks. Hence further rise above 17 will be a cause of concern for the market.
Bank Nifty remains a buy on dip till it trades above 28,750.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries with a stop loss of Rs 1100, target of Rs 1175, Hindustan Unilever with a stop loss of Rs 1740, target of Rs 1775 and Axis Bank with a stop loss of Rs 670, target of Rs 695.
The stock has started trading below 20-Day Moving Average and RSI is suggesting that momentum is likely on the downside, says Rudra Shares & Stock Brokers.
In coming days, 100-day Moving Average (10,856) will act as a major resistance as bulls have failed to surpass it thrice. Decisive breakout of the level could result in fresh move till 10,980
Mitessh Thakkar of mitesshthakkar.com recommends buying Cummins India with a stop loss of Rs 812.5 and target of Rs 865, Mahanagar Gas with a stop loss of Rs 875 and target of Rs 950 and Power Grid with a stop loss of Rs 188 and target of Rs 202.