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 may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The continuation of the northward journey is possible only if the market posts a strong close above the 20-day EMA. Below are some short-term trading ideas to consider.
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
Benchmark indices may once again attempt to test the previous day's highs, but sustaining those levels is the key to watch amid ongoing consolidation. Below are some short-term trading ideas to consider.
The key indices are likely to consolidate and remain range-bound in the upcoming sessions. Below are some trading ideas for the near term.
The market is expected to gain strength soon amid ongoing range-bound trading. Below are some trading ideas for the near term.
While the market may rebound amid consolidation, sustaining the expected recovery is key to watch. Below are some trading ideas for the near term.
The market may attempt a rebound after the four-day loss, but sustainability will be key. Below are some trading ideas for the near term.
The market is expected to take a cue from the budget for further direction, while volatility may remain on the higher side. Below are some trading ideas for the near term.
The momentum is expected to continue in the upcoming sessions. Below are some trading ideas for the near term.
The market may remain in positive terrain amid elevated volatility. Below are some trading ideas for the near term.
The benchmark indices are expected to remain rangebound. Below are some trading ideas for the near term.
The market may consolidate before showing further upward movement in the coming sessions. Below are some trading ideas for the near term.
The market sentiment is likely to be positive in the coming sessions. Here are some trading ideas for the near term.
Rajesh Palviya of Axis Securities recommends strategies for stock investors for May 13.
On the lower side, 22,350-22,300 is the immediate key support for Nifty and as long as this holds, the chances of consolidation with positive is seen.
For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
Solar Industries ended at record closing high of Rs 8,855 and formed long bullish candlestick pattern on the daily timeframe, while trading above all key moving averages.
Indicators and oscillators like MACD and RSI have turned bearish on the daily chart, which confirms the change in trend from bullish to bearish.
Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts
Hindalco Industries has seen a breakout of downward sloping resistance trendline adjoining highs of January 18, September 4 and September 12, with a strong volumes, which is a positive sign.
The Nifty is likely to continue its march upwards amid consolidation with hurdle at 19,500-19,600 levels, whereas the near term support is expected to be 19,300-19,200 levels, followed by crucial support at 19,000, experts said
Rashtriya Chemicals and Fertilisers which rallied nearly 5 percent to Rs 112.4 and formed bullish candle which to some extent resembles bullish engulfing kind of pattern on the daily charts after taking support at around Rs 105 or 200-day EMA (exponential moving average).
Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.
The restructuring exercise has given UPL net proceeds of $259 million, which brokerage firm Prabhudas Lilladher believes will be used towards paring down its debt levels going ahead.