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
NCC has seen a breakout of horizontal resistance trendline adjoining multiple touch points and formed long bullish candlestick pattern with strong volumes on the daily scale. With Thursday's rally, stock traded well above all key moving averages.
Bosch has experienced a significant breakdown on the daily chart, accompanied by a notable increase in trading volumes, suggesting a potential shift in the stock's trend.
Neuland Laboratories breaks out from a falling trend line on the daily chart with a rise in volumes. The momentum indicator RSI (relative strength index) has crossed the level of 60 with a positive crossover confirming the buy signal.
Indian Hotels seems to be taking support from a strong upwards sloping support trendline on the weekly timeframe from the last 22 months and the stock has broken out of a downwards sloping parallel channel pattern on the daily timeframe which can be used as a confluence towards the bullish view.
After a recent low touched on June 20, the index has rallied nearly 11 percent and from March lows, it has risen more than 29 percent, which has been the highest among sectors. The rally has been on the back of a decline in metal prices, the key raw material used by the sector.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
Traders should take one step at a time and avoid aggressive trades, as there are clusters of resistances lined up for the NIfty on the way up
Here's what Mehul Kothari of Anand Rathi Shares and Stock Brokers, and Shrikant Chouhan of Kotak Securities, recommend investors should do with these stocks when the market resumes trading today.
Sameet Chavan of Angel One reiterated on avoiding aggressive longs and even if one wants to follow stock-specific moves, needs to be very selective.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Reacting on the above news, stock of many auto and auto-components makers rallied. The Nifty Auto index gained 0.86 percent as Tube Investments, Ashok Leyland, Tata Motors, Bharat Forge, Balkrishna Industries and Bajaj Auto gained 1-3.6 percent.
Sudarshan Sukhani of s2analytics.com suggests selling Tata Motors with stop loss at Rs 153 and target of Rs 142 and Bosch with stop loss at Rs 14300 and target of Rs 13700.
Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 percent.
Sudarshan Sukhani of s2analytics.com recommends buying Ashok Leyland with stop loss at Rs 84.80 and target of Rs 88 and M&M Financial Services with stop loss at Rs 348 and target of Rs 355.
Mitessh Thakkar of mitesshthakkar.com advised buying Apollo Hospitals with a stoploss of Rs 1,440 and a target of Rs 1,500.
Sudarshan Sukhani of s2analytics.com recommends buying Bosch with stop loss at Rs 15030 and target of Rs 15865 and Bharti Infratel with stop loss at Rs 249 and target of Rs 262.
Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Bank with a stop loss below Rs 1282 for target of Rs 1340 and Maruti Suzuki with a stop loss of Rs 7290 for target of Rs 7500.
Ashwani Gujral of ashwanigujral.com advices selling Tata Steel with a stop loss of Rs 390, target of Rs 375.
The index is trading above its 20, 50, 100-Days exponential moving averages (EMA) on a daily interval which is positive for Indian bourses
Mitessh Thakkar of mitesshthakkar.com recommends buying ITC around Rs 288 with stop loss of Rs 284 and target of Rs 296 and Larsen & Toubro around Rs 1340 - 1345 with stop loss of Rs 1325 and target of Rs 1390.
Sudarshan Sukhani of s2analytics.com recommends selling Repco Home Finance with stop loss at Rs 390 and target of Rs 370, Mahindra & Mahindra with stop loss at Rs 695 and target of Rs 665 and JSW Steel with stop loss at Rs 269 and target of Rs 258.
One can buy into this counter in anticipation of a breakout above Rs 20,000.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Bharat Forge with a target Rs 480.
Technical experts feel that the week is likely to remain volatile due to November F&O expiry, but bulls will be able to take control only if Nifty closes above 10,700-level and 200-DMA.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.