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
If Nifty successfully surpasses 19,850 levels, we anticipate a potential upward movement towards levels of 19,990 and 20,100.
Mishra Dhatu Nigam has experienced a breakout of a bullish Inverse Head and Shoulder pattern on the daily chart. It has retested its previous breakout level of Rs 213 and starts a new leg of the rally towards Rs 280.
This week, 18,650-18,700 is expected to be a crucial hurdle and, if the index decisively surpasses this area, then 18,800-19,000 levels can't be ruled out
Poonawalla Fincorp has been forming higher top and higher bottom on the daily chart. It has broken out from the symmetrical triangle pattern with rising volumes on the daily chart.
Bharat Electronics has recently consolidated within a range which seems to be a time-wise correction within an uptrend. The consolidation has led to the formation of a ‘Symmetrical Triangle’ pattern on the daily chart and prices have given a breakout from the pattern
After short term correction, Talbros Automotive Components took support near 200 day SMA (Rs 413) and reversed sharply. Post reversal, in this week so far, it rallied over 15 percent and also formed a long bullish candle on weekly and daily charts.
One can buy OnMobile Global immediately in small quantity and buy another tranche at Rs 140 for the long term. Upside is seen near Rs 195 with solid support of Rs 125
Analysts’ advise investors to remain with quality stocks which might have fallen less in the carnage as compared to stocks whose value has eroded 50-80 percent in the past 6 months
According to experts, the volatility is here to stay for some more time and another 4-5 per cent correction can't be ruled out.
Instead of looking at the Index, investors should focus more on stock specific opportunities and if you look for them, there are plenty available.
Eris Life, Whirlpool and Gujarat Gas, among others, are being tracked by investors on Tuesday.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shares why he prefers Apollo Hospitals to Fortis Healthcare. He also shares why he does not expect any improvement in performance of Jubilant Foodworks for at least another three to four quarters.
Prakash Diwan of Altamount Capital Management recommends entering Talbros Automotive Components on dips at around Rs 140.