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
JP Morgan believes RIL’s outperformance to the Nifty 50 will continue in 2022
On daily charts, IEX has formed long bullish candle which is broadly positive. But at the same time, the stock is consistently taking resistance near 20 days SMA. The medium term texture of the stock is non-directional, perhaps, traders are waiting for the either side breakout.
On June 2, Century Textiles is not only cleared the resistance of 200 days simple moving average (SMA), but successfully closed above the same. It also formed long bullish candle which supported further uptrend from the current levels.
For Nifty, the immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support is at 16,370, 16,000 and 15,671 levels
Brokerages believe that the improvement in the ARPU of the sector is only getting started
The refining business was the key driver of the performance for RIL in the March quarter.
With regards to benchmark indices, we expect Nifty to continue trading in the range of 16,800-17,450 and only a break on either side will lead to a directional move, said Malay Thakkar of GEPL Capital
Unless TTK Prestige is trading below Rs 815 or 50 day SMA, positional traders can retain an optimistic stance and look for a target of Rs 900-925. Fresh buying can be considered now and on dips if any between Rs 860 and Rs 845 levels with a stop-loss below Rs 815.
Overall, the market is in a sideways mode, we feel that the Nifty will move in range of 17,185–17,842 in the coming days, said Vidnyan Sawant of GEPL Capital
SRF has seen consolidation between Rs 2,700 and Rs 2,000 odd levels for the last six months and formed a base for the next leg of rally. Now it is showing a breakout on upside.
Traders can look to trade with a positive bias and buy Reliance Industries in the range of Rs 2,460-2,450 for a potential target of Rs 2,600 in the near term. One should place a stop-loss below Rs 2,380 on long positions
Investors should focus on the domestic economy-facing sectors like capital goods, infrastructure, real estate and banking. In the near term, they are betting on metals, IT and pharma
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
Reliance Industries was the biggest Nifty gainer on November 25, rallying 6.02 percent, Chambal Fertilisers and Chemicals gained 5.42 percent and Torrent Pharmaceuticals was up 6.14 percent
Any sustainable move above 17,600 levels may cause an upside momentum towards 17,700-17,800 levels, says Rajesh Palviya of Axis Securities.
We believe, the Nifty will be rangebound between 18,200 and 17,600, said Vidnyan Sawant of GEPL Capital
Going ahead, since the market is a bit oversold, we may see some relief move in between, but traders should not get carried away by such rebounds, said Sameet Chavan of Angel One
Here's what Vikas Jain of Reliance Securities recommends investors should do with these stocks when the market resumes trading today.
We advise investors to book partial profits if their targets have been met, said Rahul Sharma of Equity99
Expectations of government support for telecom companies ahead of a cabinet meeting drove gains in the stocks
"The key support levels for Nifty for the short term are 16,722 (gap support) and 16,376 (three-week low)," said Vidnyan Sawant of GEPL Capital.
Production and consumption of petroleum products has increased steadily in India over the decades, a trend that’s expected to continue.
Support for Nifty is placed near 15,400–15,350 levels while resistance is near 15,800.
IIFL Securities sees the improving outlook for each business segment, value unlocking in the oil-to-chemicals business and inorganic growth initiatives as the three key drivers for the stock.
Given the expected strong momentum, experts advise top 14 stock picks that are available at attractive valuations now