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
Amit Gupta, head-derivatives at ICICI Direct is of the view that Siemens may see upside towards Rs 660-665.
Vishal Malkan of malkansview.com suggests buying Siemens with a stoploss of Rs 602 and a target of Rs 622-628.
Abhijit Paul of alphative.com is of the view that Larsen and Toubro (L&T) may touch Rs 1050. "One may see ICICI Bank touch Rs 1110," he adds.
According to Meghana Malkan of malkansview.com, one may buy Zee Entertainment Enterprises with a stoploss of Rs 263 and advises selling Indraprastha Gas (IGL) with a target of Rs 269.
Sudarshan Sukhani of s2analytics.com recommends buying Siemens on dips.
According to SP Tulsian of sptulsian.com, One may go long on Siemens. “The stock is looking good and for the intraday expects level of close to Rs 500, ‘he adds.
Pritesh Mehta of IIFL suggests buying Siemens with a target of Rs 490 and HDFC with a target of Rs 810.
Brokerages ICICI Direct recommends buying Siemens and selling Tech Mahindra. Meanwhile, Karvy suggests going long on Lupin and Tata Motors.
According to Sudarshan Sukhani of s2analytics.com, one may sell Siemens India and Indiabulls Real Estate as they are on verge of making new lows.
Shardul Kulkarni of Angel Broking recommends buying Hero Motocorp with a target of Rs 2070 and United Phosphorous with a target of Rs 161.
Rajeev Agarwal of Dynamixresearch.in suggests buying NMDC with a target of Rs 115-122 and Siemens with a target of Rs 464-490.
Rajesh Agarwal of Eastern Financiers advised buying Natco Pharma with a target price of Rs 635 and Dhanlaxmi Bank with a target price of Rs 31.
Sudarshan Sukhani of s2analytics.com is of the view that Siemens may head lower. He advised going short on the stock because it is on the verge of a breakdown.
According to Vishal Malkan of malkansview.com, one may sell Aurobindo Pharma with a target of Rs 159 for a stop loss of Rs 168.50 and advises selling Crompton Greaves with a stop loss of Rs 87 for targets of Rs 81.50.
Aashish Tater of Fortunewizard.com advised going short on Adani Power for a target price of Rs 25 and Tata Chemicals with a target price of Rs 220.
Yesterday Canara Bank witnessed good buying interest from lower levels and oscillators are showing positive crossover on the daily chart. This stock can test Rs 290 in next two-three trading sessions. One can buy the stock at current levels with a stop loss of Rs 260, says Manas Jaiswal of manasjaiswal.com.
Monal Desai of Sunidhi Securities recommends buying Siemens with a target of Rs 555 and a stop loss of Rs 528.
Sudarshan Sukhani of s2analytics.com recommends selling Siemens as its charts are horrible and they may go lower.
Sudarshan Sukhani of s2analytics.com is of the opinion that Siemens is on the verge of breaking down from a significant support level and looking towards Rs 470 again.
Shardul Kulkarni of Angel Broking recommends buying Siemens with a target of Rs 605 and advises selling ICICI Bank July futures in the range of Rs 1070-1078.
Sudarshan Sukhani of s2analytics.com advices to sell Siemens as its charts are terrible and it will go to Rs 500.
After a small relief rally Siemens has given a bearish head and shoulder. It is probably going to crack the earlier lows of Rs 480-490, says Sudarshan Sukhani of s2analytics.com.
Saurabh Mittal of Swadeshi Capital is bullish on Siemens, Apollo Hospitals and MphasiS. However, he keeps sell rating on Divis Laboratories.
SP Tulsian of sptulsian.com advised buying JM Financial with a target price of Rs 28 and GSPL with a target price of Rs 61.
Saurabh Mittal of Swadeshi Credits shares is bullish on Aptech, Siemens and Praj Industries. However, maintain sell rating on Reliance Communications.