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
Although Astra Microwave Products is looking lucrative but at this point of time it is near its resistance zone of Rs 255-260 levels. Also volume is very high at extreme price levels which is a sign of exhaustion.
Ramco System has started to diverge positively from May 2022. It is too early to say, but technically, we think the stock is on the verge of reversing its bearish trend.
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The current uptrend will resume once we see Nifty breaking past the 10,480-10,500 resistance zone on a closing basis. Post which we expect Nifty making a dash towards the 10,580-10,610 zone.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
It still expects the rally to extend further up to 10,350 which is an upper band of the channel. On the other hand, markets are trading in overbought zone, so we may see some correction in the near term.
Ashwani Gujral of ashwanigujral.com recommends buying Shree Renuka Sugar, Ramco System, KRBL, Hindalco Industries and Blue Star.
Rakesh Bansal of RK Global is of the view that one may buy Bharat Forge with a target of Rs 1197.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertiliser, Ramco System and Mahindra & Mahindra.
Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, Thomas Cook and Ramco System.
Sameet Chavan of Angel Broking advises buying Britannia Industries with a target of Rs 3030.
Mitesh Thacker of miteshthacker.com recommends buying Chambal Fertilisers & Chemicals, Tech Mahindra, Jubilant Life Sciences, Ramco Systems and L&T Finance Holdings.
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