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 market is expected to see further consolidation with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The Nifty 50 is likely to continue its upward journey, with the possibility of some consolidation. Below are some trading ideas for the near term.
With the fresh breakout, the current momentum could push the Nifty 50 toward 26,000 or higher. Despite this, Patel remains cautious on the long side, as several warning signs have emerged.
The Nifty 50 is likely to trend higher and hit new highs amid consolidation. Below are some trading ideas for the near term.
After a deeper correction, JSW Energy took support at Rs 240 level and has bounced sharply in the last week. On Monday, the stock has seen good price volume action and has managed to recapture above the 20 days SMA (Rs 294).
Aditya Birla Capital is showing strength as the stock broke above the previous week high in Monday's session. The stock is moving higher after taking support at the cluster of 20 day SMA (simple moving average - Rs 112) and 200 day SMA (Rs 113).
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
Stocks like Adani Total Gas vaulted 334 percent in the calendar year till June 11. Shares of Adani Transmission, Adani Enterprises and Adani Power have jumped between 200 percent and 265 percent in the same period
The long-term bullish trend remains intact but in the medium-term, we might see the index in a range between 14,460 to 15,431 levels.
Considering the fact that the stock has not been able to make a fresh peak in the last 10 years, investors seem to be uncertain whether the stock will be able to hold recent gains or not.
Sudarshan Sukhani of s2analytics.com advises selling Adani Power with a stop loss of Rs 58, target of Rs 54.
Mitesh Thakkar of miteshthakkar.com recommends buying Adani Power with a stop loss below Rs 63 for target of Rs 67 and PAGE Industries with a stop loss of Rs 23200 for target of Rs 24400.
Ashwani Gujral of ashwanigujral.com recommends buying Adani Power with a stop loss of Rs 63, target of Rs 75 and Canara Bank with a stop loss of Rs 272, target of Rs 284.
Higher high- higher low formation continuously over the last 5 weeks supports this medium-term bull hypothesis. This medium-term bull trend key support level is a gap formed between 11,231 and 11,168.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 588, target of Rs 610, Kotak Mahindra Bank with a stop loss of Rs 1260, target of Rs 1295 and HDFC Bank with a stop loss of Rs 2080, target of Rs 2140.
Midcap and smallcap indices gained 7.3 percent and 6.3 percent, respectively.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
Sudarshan Sukhani of s2analytics.com suggests buying Hindalco Industries with a stop loss of Rs 227 and target of Rs 236, Cipla with a stop loss at Rs 648 and target of Rs 675 and TCS with a stop loss at Rs 2035 and target of Rs 2100.
Mitessh Thakkar of mitesshthakkar.com suggests buying Adani Power with a stop loss below Rs 20 and target of Rs 23.50, IndusInd Bank with a stop loss of Rs 1892 and target of Rs 1930 and Nestle India with a stop loss of Rs 10280 and target of Rs 11000.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Can Fin Homes, Tech Mahindra, Maruti Suzuki and Indiabulls Housing Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Yes Bank and Rural Electrification Corporation and can buy Sonata Software.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Sandeep Wagle of powermywealth.com advises selling Adani Power at around Rs 32.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, Kotak Mahindra Bank, Wockhardt and Jubilant Lifesciences and can hold TCS and Adani Power.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and can sell Adani Power and Hindalco Industries.