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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 be rangebound in the upcoming sessions. Below are some trading ideas for the near term.
The consolidation in the market is expected to continue, with a focus on stock-specific action amid the earnings season. Below are some trading ideas for the near term.
Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark
Any correction towards 19,330 on the Nifty50 will offer a good opportunity to go long as it converges with 21DMA (19,348) as well as a bullish gap support area while the nearest resistance arrives at 19,550.
Though Elgi Equipments looks lucrative at current levels, one should wait because the stock is trading near its previous top Rs 422.30, which is also all-time high.
Prabhudas Lilladher prefers companies with low debt, good corporate governance, lean working capital cycle and 2-3 years of revenue visibility (order book).
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
The broader markets, which had been underperformer for many months, turned outperformers in last one month rally.
For next week, Nifty has strong support at 11,365-11,255 and resistance at 11,525-11,650 range, says Sumit Bilgaiyan
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
The momentum oscillator, relative strength index (RSI) has entered in a bullish crossover and currently staying above the 60 mark.
Traders can accumulate the stock in the range of Rs 133-135 for the target of Rs 150 with a stop loss below Rs 128, says Achin Goel of Bonanza Portfolio.
Rajesh Agarwal of AUM Capital recommends buying Divi's Laboratories with stop loss at Rs 1090 and target of Rs 1157, Reliance Industries with stop loss at Rs 1018 and target of Rs 1060 and Hindustan Unilever with stop loss at Rs 1690 and target of Rs 1749.
Sameet Chavan of Angel Broking advises selling NCC with a target of Rs 77.
Welspun Enterprises, which is probably the experimental lab for the Welspun Group, holding several non-core and new ventures like infrastructure, oil & gas, power, solar and even finance, is finally sharpening its focus.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy KRBL and ITD Cementation and sell Aurobindo Pharma..
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITD Cementation and PC Jeweller and advises selling Colgate Palmolive.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may prefer ITD Cementation and A2Z Infra.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Tata Group‘s decision to sell urea business under Tata Chemicals is a step in the right direction as the urea still a controlled commodity where the prices are administered and fixed by the government, says SP Tulsian of sptulsian.com
In an interview to CNBC-TV18's Sonia Shenoy & Anuj Singhal, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Rajesh Kothari, Managing Director at AlfAccurate Advisors is of the view that one may prefer ITD Cementation and feels that PSU banks look interesting.
Deven Choksey of KRChoksey Investment Managers is of the view that one may look at Manappuram Finance.
