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 benchmark indices are likely to surpass their swing high of February in the upcoming sessions. Below are some trading ideas for the near term.
The market is expected to consolidate further, with last week's low acting as support. Below are some trading ideas for the near term.
Shree Cement climbed 2.5 percent to Rs 25,757, the highest closing level since May 2, 2022 and formed strong bullish candle on the daily charts with making higher high formation for fifth consecutive session. It traded with above average volumes.
ONGC has seen a decent correction from the highs in last couple of months as the crude Oil prices have cooled off from their highs. However, the prices are now showing signs of some pullback move as it has given a breakout from a trendline resistance.
Shree Cements jumped 5.5 points to 24,458 and formed robust bullish candlestick pattern on the daily charts with robust volumes, continuing uptrend for fourth consecutive session. The stock has seen a break out of long downward sloping resistance trend line adjoining September 15, 2021 and April 29, 2022.
Cement company valuations have bottomed out near the current levels over the past six-seven years but there is no visibility for the margins to improve in the near term
There are expectations that railways will get higher allocation as the COVID-19 pandemic dealt a severe blow to the sector's revenue in the current financial year.
As per estimates of brokerage firm JM Financial, the consolidated volume growth for 14 listed companies was 5 percent year-on-year (YoY) in the September quarter of FY21.
On the technical front, now 10,050 mark would act as an immediate hurdle for Nifty where its 100-days exponential moving average is placed on daily charts.
On the technical front, 8,800-9,300 range would remain crucial in the coming sessions and we may witness a tug of war among bulls and bears to continue.
Technically, the rally of May 13 has not significantly changed the overall bearish structure for the benchmark index. The index needs to fill the gap created on May 4th and needs to sustain above 9,700 level.
The demand for cement demand has started recovering from December, with volumes growing by 3-5 percent YoY, as against a decline of 2-3 percent in the first half of FY20.
Sudarshan Sukhani of s2analytics.com suggests buying Arvind with stop loss at Rs 42 and target of Rs 46 and HDFC Bank with stop loss at Rs 1200 and target of Rs 1265.
Sudarshan Sukhani of s2analytics.com recommends selling Balkrishna Industries with stop loss at Rs 1089 and target of Rs 1050 and Tata Elxsi with stop loss at Rs 955 and target of Rs 925.
Sudarshan Sukhani of s2analytics.com recommends buying Shree Cements with stop loss at Rs 22000 and target of Rs 23300 and Torrent Power with stop loss at Rs 282 and target of Rs 297.
Mitesh Thakkar of miteshthakkar.com advises selling ITC with a stop loss of Rs 239 and target of Rs 226.
Motilal Oswal said the company's expanded capacity has provided it significant pricing power, particularly in Central/West India where it now has around 40% market share.
Sudarshan Sukhani of s2analytics.com recommends buying GAIL India with stop loss at Rs 120 and target of Rs 133 and Dr Reddy's Labs with stop loss at Rs 2900 and target of Rs 3050.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
Thunuguntla said stocks in non-banking sectors have been languishing that reflects the impact of a slow economy
We expect the current market momentum to carry forward, which could lift the Nifty towards the 11,700-11,720 levels
We expect VIX to remain at elevated levels as markets head towards election outcome
Around 134 out of 776 smallcap stocks closed in the green and out of which top 10 stocks rallied between 8 percent and 33 percent
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
Given near-term earnings visibility in South-based cement companies, they could outperform in the short run, according to the brokerage.