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 consolidation is expected to continue, with benchmark indices likely finding support at the 50-day EMA. Below are some short-term trading ideas to consider.
The market is expected to react negatively to the 26% discounted reciprocal tariff on India announced by Donald Trump, but some buying can't be ruled out at lower levels. Below are some trading ideas for the near term.
The momentum is expected to continue in the upcoming session. Below are some trading ideas for the near term.
The bearish sentiment may persist, but there could be a potential rebound as the indices are in the oversold zone. Below are some trading ideas for the near term.
It is advisable to consider buying opportunities at the current market price, targeting potential upside levels ranging from 22,783 to 23,170 on the Nifty.
BHEL has seen a consolidation breakout and there was a gap up opening, though the volume was lower than average. The stock formed bullish candlestick pattern on the daily charts.
In the short term, the Nifty 50 may continue to be susceptible to selling pressure with resistance anticipated around 22,250. On the downside, support levels are positioned at 21,800 and 21,700.
HDFC Securities expects smallcaps to underperform Nifty in the short term.
REC formed bullish candlestick pattern on the daily charts with above average volumes. The 50-day EMA (exponential moving average placed at Rs 445) is crucial to watch in the coming session.
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
NLC India saw a breakout of falling resistance trendline adjoining highs of September 6 and October 12, and formed healthy bullish candlestick pattern on the daily charts, with healthy volumes.
REC shares ended at a record closing high of Rs 235.1 on the NSE, up 5.4 percent, after recent consolidation. The stock has formed long bullish candlestick pattern on the daily charts, with above average volumes.
Central Depository Services (CDSL) has decisively crossed 200-day EMA and formed healthy bullish candlestick pattern on the daily scale with above average volumes.
Nazara Technologies has seen a decisive breakout of current month's consolidation range and jumped 5 percent to Rs 661, the highest closing level since October 28, 2022. The stock has formed long bullish candlestick pattern on the daily scale with above average volumes.
Olectra Greentech has sustained well post showing a “V Shape” recovery from the lower levels of Rs 374.10 (February 2023). A fresh breakout of the Bullish Pennant pattern can be observed on the weekly charts.
The consistent uptrend in all five days of last week after forming a bottom around 17,550 in the previous week raised confidence among market participants
Shitij Gandhi of SMC Global expects market to trade with bullish bias in the upcoming week as long as Nifty holds above 17,400-mark. Traders should use any dip to create fresh longs, he advises.
We recommend initiating a long position in REC above Rs 144 with a stop loss of Rs 124 and Rs 168.
In the previous week, Nifty formed a bearish ABCD harmonic pattern on the daily chart which was placed around 12,800 levels.
Mitesh Thakkar of miteshthakkar.com recommends buying Hindustan Unilever with stop loss at Rs 2100 and target of Rs 2300 and M&M Financial Services with stop loss at Rs 355 and target of Rs 385.
Mitesh Thakkar of miteshthakkar.com recommends buying Biocon with a stop loss of Rs 300 for target of Rs 330 and L&T Finance Holdings with a stop loss of Rs 127 for target of Rs 140.
Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services with a stop loss of Rs 380, target of Rs 405 and BPCL with a stop loss of Rs 490, target of Rs 515.
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.
This week is an eventful one as participants are closely eyeing the earnings announcements, macroeconomic prints and pre-budget discussions.
Mitessh Thakkar of mitesshthakkar.com advised buying Apollo Hospitals with a stoploss of Rs 1,440 and a target of Rs 1,500.