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
Looking ahead, the bullish sentiment is likely to persist as long as the index remains above 19,500.
For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said
Traders are strictly advised to hedge their long positions since any escalation in the ongoing geopolitical crisis might reverse the markets without any intimation.
Considering the strong momentum, the index is likely to march towards 20,000 milestone in coming days, provided its holds 19,700-19,800 area, while the crucial support remains at 19,600-19,500 levels, experts said
If the index breaks 19,300, then it may get the next support around 19,000, whereas on the higher side, 19,600-19,650 is expected to be a crucial hurdle in the near term, experts said
Ceat shares rebounded smartly after a day of correction, and has formed bullish candlestick pattern with long upper shadow & small lower shadow on the daily charts, with strong volume.
Given the benchmark index's breakout, it is advisable to consider initiating small new positions in individual stocks. It is recommended to accumulate further at lower levels if the Nifty retraces back to 18,880 levels.
The 18,050-18,000 level was safeguarded firmly, showcasing the importance of pivotal support and is expected to act as a sheet anchor in the comparable period. On the higher end, 18,400-18,450 is likely to act as the sturdy wall and a decisive breach would only trigger fresh longs in the system in future
Recently Wipro has seen bullish divergence on a daily scale, the price was making lower lows, but RSI (relative strength index) was making higher lows.
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
NALCO was the second biggest gainer in the futures & options segment, rising 6.5 percent to Rs 78.85 and formed strong bullish candle with healthy volumes. It has seen a breakout of horizontal resistance trend line adjoining November 16 and December 22 this year.
The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area
Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range
The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
If the Nifty closes above 17,800 on the weekly scale, it may touch 18,400 in a couple of weeks but a close below 17,400 can see it slide to 17,000
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
Investors expect announcements pertaining to the possible listing of Jio Platforms and Reliance Retail, its new energy business, and the pricing of 5G mobile phone services.
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.