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
Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.
Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove.
The structure of Redington is very impressive. It is trading above all of its important moving averages with a positive bias in momentum indicators.
Redington was also in focus in the falling market, rising nearly 8 percent to Rs 148. The stock has formed robust bullish candle on the daily charts with large volumes after rangebound trade for more than a month.
Redington (India) saw strong buying interest and had a gap-up opening on Thursday. It climbed 9.1 percent to Rs 139.55, and formed a large bullish candlestick pattern on daily charts with significantly higher volumes.
RHI Magnesita India is well placed above its 20, 50, 100 and 200 day SMA which reconfirm bullish sentiments. With current week's high (Rs 668) it has registered an all-time high indicating positive bias.
Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today
Although the trend has been extremely strong, we reiterate that one should avoid getting complacent at such elevated levels, says Sameet Chavan of Angel One.
The year 2020 is largely about survival, both health-wise and finance-wise. It is also an opportune time to tweak and tighten the portfolio for the next bull run, said Yes Securities
Rajesh Agarwal of AUM Capital recommends buying RITES with stop loss at Rs 293 and target of Rs 315, Jindal Steel & Power with stop loss at Rs 177 and target of Rs 190 and TCNS Clothing with stop loss at Rs 647 and target of Rs 674.
We have a sell recommendation for Redington India which is currently trading at Rs. 104.20
"Last week, the index was able to reclaim 11,350 on a closing basis," experts said
Rajesh Agarwal of AUM Capital recommends buying Indo Count Industries with stop loss at Rs 83 and target of Rs 90, Axis Bank with stop loss at Rs 560 and target of Rs 595 and Reliance Nippon Life with stop loss at Rs 262 and target of Rs 278.
Jay Thakkar of Anand Rathi Securities advises buying Redington with a target of Rs 205.
Sector rotation is likely to continue further as derivative data indicates bullish scenario to continue. The Nifty has multiple supports at lower levels around 10,200 and 10,100 spot levels, says Shitij Gandhi of SMC Global Securities.
Structurally, the index has concluded a healthy corrective phase over the last month within the larger degree uptrend.
Vijay Chopra of enochventures.com feels that Redington may test Rs 135-150.
Sameet Chavan of Angel Broking is of the view that one may buy SAIL with a target of Rs 49.
Jay Thakkar of Sharekhan recommends buying Allahabad Bank with target of Rs 82.20 and Eros International with a target of Rs 239.80.
Shahina Mukadam, Independent Market Expert advises buying Gateway Distriparks with a target of Rs 270.
Check out the stocks that are buzzing the most today – Maruti, Asian Paints, NCC, GSFC, Bombay Dyeing, Aban Offshore, GHCL & Redington.
Dharmesh Kant of India Nivesh Securities advises buying LIC Housing Finance for a target price of Rs 460 and Sintex Industries for a target price of Rs 102.
Paras Bothra of Ashika Stock Broking recommends buying Arvind for a target price of Rs 320 and Hexaware Technologies for a target price of Rs 250.
Nooresh Merani, CEO of Analyse India recommends accumulating Redington with a target of Rs 140-150.
Gautam Chhaochharia, Head of mid-cap research at UBS India said they like Bajaj Electrical, Redington and Exide in the midcap space.