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 market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to consolidate after the two-day rally and may attempt another session of upward movement. Below are some short-term trading ideas to consider.
The positive momentum is expected to persist in the upcoming sessions, despite potential consolidation. Below are some trading ideas for the near term.
According to Prakash Gaba of prakashgaba.com, 9965-10005 is a possibility as long as 9780 holds. The crucial support for the Nifty is at 9780 and the resistance is at 9965-10005. Bank Nifty on the other hand has support at 24000 and resistance at 24750.
According to Vijay Chopra of enochventures.com, one may hold Pennar Industries.
Daljeet Singh Kohli of India Nivesh Securities has a buy rating on midcap stocks like Pennar Industries and Torrent Pharma.
Daljeet Singh Kohli expects better performance of Infosys to continue in Q2 as well and thinks it is a good time to accumulate on the stock.
Daljeet S Kohli, Head of Research at Indianivesh Securities is bullish on Pennar Industries.
Here are top 10 stocks to keep an eye on November 20 - Axis Bank, Wockhardt, DLF, Ranbaxy, Alok Industries, Kotak Mahindra Bank, ING Vysya, Hindalco, Jindal Steel and Pennar Industries.
Pankaj Jain of Sunteck Wealthmax recommends buying Wockhardt for a target price of Rs 809 and Pennar Industries for a target price of Rs 64.
AK Prabharkar, Independent Advisor advises buying Sadbhav Engineering for a target price of Rs 243 and Sail for a target price of Rs 92.
Pankaj Jain of Sunteck Wealthmax recommends selling Indiabulls Real Estate and Jaiprakash Associates.
Pankaj Jain, Sunteck Wealthmax advises buying Vivimed Labs for a target price of Rs 375 and Pennar Industries for a target price of Rs 63.
Pankaj Jain, Director at Sunteck Wealthmax Capital is of the view that one can buy Dolphin Offshore, Pennar Industries, Cipla and Motherson Sumi Systems.