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
Vishal Kshatriya of Edelweiss recommends going long in on July Futures of HCL Technologies at current market price with a target of Rs 850 and stop loss below Rs 770.
Prakash Diwan of Altamount Capital Management advises to go long in Rallis India with a target of Rs 147.50 and the stop loss of Rs 139.50.
Aashish Tater of Fortunewizard.com advised going long on JM Financial with a target price of Rs 29 and going short on HDIL with a target price of Rs 39.5.
Aditya Agarwal of Way2Wealth Securities says one can initiate long position in Karnataka Bank at current levels, keeping a stop loss of Rs 108.
Sudarshan Sukhani of s2analytics.com advises to go long on Hexaware Technologies and Sun Pharmaceutical Industries.
Rajesh Agarwal, Head of Research of Eastern Financiers Limited recommends to hold Hexaware Technologies.
Manas Jaiswal of manasjaiswal.com suggest to go short in Adani Power at current levels with a stop loss of Rs 46.50 and short Jain Irrigation Systems at current levels with a stop loss of Rs 56.50.
Aashish Tater, Head of Research of Fortunewizard.com is positive on Hexaware Technologies and recommends buying the stock on decline.
Aashish Tater, head of research, Fortunewizard.com picks Hexaware and Jet Airways as his multibagger stocks for the day.
SP Tulsian of sptulsian.com advised good ideas in the IT and pharma space. One can look for few IT stocks like Hexaware Technologies, Geometric at the current level.
SP Tulsian of sptulsian.com advised selling JSW Steel with a target price of Rs 702 and selling Jaiprakash Associates with a target price of Rs 62.
Manas Jaiswal of manasjaiswal.com recommends buying DLF at current levels with a stop loss of Rs 195 and buying Adani Enterprises with a stop loss of Rs 207.
Shardul Kulkarni of Angel Broking has advised traders to book partial profits in Hexaware Technologies around Rs 86-86.50 and re-enter in the scrip on decline.
One should avoid Hexaware Technologies but on any rally one can sell it, says Sudarshan Sukhani of s2analytics.com.
Arunesh Madan of Augment Investment is bullish on Allahabad Bank and Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com said investor should shift from Hexaware to Tata Consultancy Services or HCL Technologies.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Hexaware Technologies. It is doing something quite opposite of what the CNX IT is now doing. The charts are breaking down. It is a distinct underperformer against the Nifty and everything is going wrong with it, he adds.
One can see lower levels in Hexaware Technologies, says Sudarshan Sukhani of s2analytics.com.
In CNBC-TV18's popular show Bull's Eye, Prakash Diwan, Prakash Diwan's Wealth Circle shares his trading strategies for the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Sudarshan Sukhani of s2analytics.com advised selling Hexaware. According to him, it has a disappointing chart.
According to Anu Jain, Senior Vice President of IIFL Private Wealth, Rs 87-88 continues to be a resistance zone for Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can sell Hexaware Technologies.
One can short Hexaware Technologies, says Sudarshan Sukhani of s2analytics.com.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that prefer Hexaware Technologies to Mahindra Satyam