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
On May 6, Hero MotoCorp saw a smart surge despite the selloff in the market. The stock has confirmed a higher top, higher bottom formation on the daily chart
SRF has seen consolidation between Rs 2,700 and Rs 2,000 odd levels for the last six months and formed a base for the next leg of rally. Now it is showing a breakout on upside.
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
SRF shares can give 20-25 percent return by end of March 2022 but before that it could see some healthy correction, experts feel
Opportunities will be manifold over the next five years, thanks to an increase in outsourcing and divestment in the developed world due to rising cost pressure, better availability of feedstock, and import substitution, say analysts. They also present a list of stock recommendations.
While midcap stocks tend to see more volatility versus Nifty50, over a longer term they tend to deliver stronger returns and this theme is expected to play out going ahead, Nirali Shah said.
Buy on dips could continue to be a prudent strategy until the level of 12,800 holds.
The Nifty can continue trading in the 11,790-12,018 range with a positive bias and a level of 12,180 can be expected if the range breaks on the upside.
Put writers still hold the maximum open interest at 11,900 strikes which should act as immediate support for Nifty in the coming sessions.
Neeraj Chadawar of Axis Securities believes that the equity will continue to trade on higher multiples for some more time.
HDFC Securities is positive on the sector, especially on companies that supply speciality chemicals to pharmaceutical and agrochemical industries.
The breakdown below 11,100 could trigger a further supply till 10,850. Resistance is near 11,375, a break of this level will open the gate for 10,600 in the benchmark index.
"Long term investors should not get carried away by such instant short term outperformance and can have exposure upto 20-25 percent in few promising quality mid & small cap stocks," Prashanth Tapse said.
The Indian chemicals sector has built up world-class capabilities over the past few years and been moving up the value chain at a rapid pace.
The timely onset of the monsoon season from June 1 and the likely normal rainfall projects a strong outlook for the kharif sowing season, which is critical at such a challenging time.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
For market to move higher recent swing of 9889 needs to be taken out for move towards 10550 levels.
Entire bullish view negates on breaching of 'handle' on closing basis and one should exit from long position.
Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
Ashwani Gujral of ashwanigujral.com recommends selling Kotak Mahindra Bank with a stop loss of Rs 1,200, target at Rs 1,080 and Tata Consultancy Services with a stop loss of Rs 1,730, target at Rs 1,660.
Prakash Gaba of prakashgaba.com recommends buying Jubilant Foodworks with target at Rs 1620 and stop loss at Rs 1582 and SRF with target at Rs 3500 and stop loss at Rs 3380.
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Prakash Gaba of prakashgaba.com recommends buying Indiabuls Housing Finance with target at Rs 320 and stop loss at Rs 275 and NMDC with target at Rs 120 and stop loss at Rs 112.
If the Nifty50 sustains above 12,000, the rally could continue towards the all-time high of 12,103 and then towards 12,28-12,350 levels