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 market is likely to continue trading in a range within last Thursday’s high and low. Below are some short-term trading ideas to consider.
The benchmark indices remain bullish despite Tuesday's consolidation and are expected to move northward in the upcoming sessions. Below are some trading ideas for the near term.
The Nifty 50 is likely to remain rangebound until it decisively surpasses short-term moving averages. Below are some trading ideas for the near term.
As long as the Nifty 50 holds 22,300-22,200 levels on closing basis, the upward march towards 22,800 can't be ruled out in the coming sessions.
Traders are advised to accumulate longs in Nifty with a stop-loss of 22,000 on the closing basis.
Traders are advised to accumulate longs in Nifty with stop-loss of 21,500 on the closing basis.
Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.
Cummins India has given a breakout of the triangle formation on the daily chart. It has retested its previous breakout level of Rs 1,550 after hitting a fresh 52-week high. The structure of the counter looks classical as it is trading from all its important moving averages.
IRB Infrastructure Developers has been making higher top higher bottom formation on the monthly chart. Primary trend of stock is positive as it is trading above its 100 and 200-day moving average.
NOCIL is placed above 20, 50 and 200-day EMAs, which indicate a bullish trend in all time frames. Indicators and oscillators like RSI, DMI and MACD are showing strength in the current up move
The second wave of COVID-19 infections and its likely impact on earnings and the economy in the first quarter of FY22 could be capping the upside for the market. However, stock-specific opportunities are expected to continue, say experts.
IT, Consumer and Capital Goods are likely to report solid earnings growth while automobiles, pharmaceuticals, and cement will continue to witness margin pressures leading to subdued earnings
Girish Pai, Head-Research, Nirmal Bang Institutional Equities in an interview to CNBC-TV18 gave his rationale behind recommending a buy on Lakshmi Machine, Power Mech and Greenply.