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 may consolidate for a couple of sessions after the recent sharp rally, though the overall sentiment remains healthy. Below are some short-term trading ideas to consider.
The market may see a bounce-back after the significant selling pressure of last week, but sustainability is the key to watch. Below are some short-term trading ideas to consider.
The market is expected to remain cautious and continue consolidating in the upcoming sessions. Below are some short-term trading ideas to consider.
Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.
The market is anticipated to display sideways movement with increased volatility.
In case, the Nifty50 gets broken down the support 19,480, the low of previous week, 19,300 (the low of October month) is likely get tested in coming sessions, experts said.
Genus Power Infrastructures has broken out from the symmetrical triangle on weekly charts with higher volumes. Stock price has also closed at all-time high level on the weekly basis. Primary trend of the stock is positive as it trades above its all important short-term and long-term moving averages
The technical indicators have strongly backed the momentum, wherein the MACD (moving average convergence divergence) witnessed a positive crossover affirming the inherent strength in Welspun Corp, said Sameet Chavan of Angel One
The structure of HPCL suggests that the downside seems to be limited at Rs 265, hence making it a good candidate with regards to the risk and reward scenario.
Experts feel the mood at street turned more cautious and nervous after Friday's sharp fall and hence the more correction can't be ruled out if the Nifty decisively breaks 17,000 mark in coming days.
A sustainable move below 17,700 (which seems likely) would activate the pattern and as a result of this, we could see a fresh leg of correction in coming days, says Sameet Chavan of Angel One.
Vishal Malkan of malkansview.com is of the view that one may buy Steel Authority of India with a target of Rs 75.
Analysts were expecting some sort of bounce back which has come considering the fact benchmark indices were trading near crucial support levels.
Ashwani Gujral of ashwanigujral.com recommends buying PVR, Indiabull Real Estate, Ashok Leyland, RCF and Shipping Corporation.
Mitessh Thakkar of miteshthacker.com recommends buying HDFC, Shipping Corporation of India, Mahanagar Gas and Hindustan Zinc.
Ashwani Gujral of ashwanigujral.com advises buying Shipping Corporation of India, STC, Hindustan Zinc and Raymond.
Sameet Chavan of Angel Broking is of the view that oen may buy Just Dial with a target of Rs 420.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Shipping Corporation of India and sell Motherson Sumi Systems.
Equities as an asset class generated more interest last month as benchmark indices hit fresh record highs. But, there was also plenty of stock specific action.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks and sectors.
Sumeet Jain of Destimoney Securities is of the view that one may sell Divis Lab Future with a target of Rs 594.
Sumeet Jain of Destimoney Securities suggests buying Dabur India with a target of Rs 336.
Sumeet Jain of Destimoney Securities advises buying BEML with a target of Rs 1750.
Nifty@10,000 is more of a psychological level than anything else. The only concern is that at this level, markets are fairly priced but that does not mean it is on the verge of a big correction.
The risk-to-reward ratio will be more favourable for stocks which have not attracted too much of interest which could be due to the sector or stock-specific reasons.