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
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 133 and target of Rs 147, State Bank of India with stop loss at Rs 265 and target of Rs 279 and JSW Steel with stop loss at Rs 397 and target of Rs 414.
Ashwani Gujral of ashwanigujral.com suggests selling Bank of Baroda with a stop loss of Rs 114, target of Rs 105, Reliance Capital with a stop loss of Rs 342, target of Rs 328 and Repco Home Finance with a stop loss of Rs 470, target of Rs 452.
Morgan Stanley expects Sensex earnings growth of 23 percent YoY in FY19 and 24 percent YoY in FY20.
Rajesh Agarwal of AUM Capital recommends buying Hexaware Technologies with stop loss at Rs 449 and target of Rs 464, Axis Bank with stop loss at Rs 644 and target of Rs 660 and Graphite India with stop loss at Rs 988 and target of Rs 1025.
We expect the stock to resolve higher from here on and head towards Rs 341 as it is a confluence of multi-year resistance of Rs 351 coinciding with a 52-weeks high of Rs 351, says Dharmesh Shah of ICICIdirect.com.
We expect the Nifty to consolidate in the range of 11760 – 11300 in the coming week to work off the overbought situation in the weekly stochastic.
The Nifty may scale new highs if it sustains above 11,800, says Rupak De of Bonanza Portfolio
Rajesh Agarwal of AUM Capital recommends buying UPL with stop loss at Rs 669 and target of Rs 695, Yes Bank with stop loss at Rs 359 and target of Rs 375 and SRF with stop loss at Rs 2000 and target of Rs 2120.
Going forward, we expect the Nifty to maintain buoyancy and eventually head towards 11,925 levels in coming weeks given the robust price structure.
Ashwani Gujral of ashwanigujral.com suggests buying NIIT Tech with a stop loss of Rs 1360, target of Rs 1410, Dabur India with a stop loss of Rs 450, target of Rs 475 and Axis Bank with a stop loss of Rs 630, target of Rs 655.
The main impact could be in the form of accretion in fresh slippages and the rise in credit costs (especially for SME/MSME/retail) along with weakening credit growth profile.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
Shabbir Kayyumi of Narnolia Financial Advisors said majority of oscillators are in the overbought zone and the possibility of profit-booking at higher levels cannot be ruled out
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
It has led to a higher base formation signalling a reversal of the corrective trend and resumption of the fresh up move in the stock.
We believe the stock has a potential of moving higher towards its potential target of Rs 315 in the medium-term.
The bullish breakout above 10,930 has resulted in a conclusion of a five-month-long triangular pattern, signalling fresh upsides in coming weeks for Nifty
Hadrien Mendonca of IIFL said projections indicate that the Nifty is on its way towards its potential near-term target of 11,350-11,400 levels.
Hadrien Mendonca of IIFL suggests buying SBI with a target Rs 315.
Positional traders shall buy into this counter with a target of Rs 281 and a stop placed below Rs 254 on a closing basis.
Investors are advised to stay long as long as the index holds above 10,750-10,700, experts said
Shabbir Kayyumi of Narnolia Financial Advisors advises buying Escorts with a target of Rs 950.
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
For a correction to occur, experts state that oil prices have to stay above $80 a barrel and dollar has to increase sharply against the rupee
On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support levels.