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 witness range-bound trading until it trades below the previous week's high. Below are some short-term trading ideas to consider.
The consolidation and rangebound trading may continue in the near term. Below are some trading ideas for the near term.
The market is expected to be range-bound in the upcoming session. Below are some trading ideas for the near term.
The market is expected to remain in positive territory amid consolidation. Below are some trading ideas for the near term.
The Nifty 50 may extend its upward trend in the upcoming session but overall remains consolidative. Below are some trading ideas for the near term.
The Nifty 50 is likely to see some consolidation before marching upwards. Below are some trading ideas for the near term.
Overall, the Nifty 50 will remain in a consolidation mode as long as it stays below 22,100 mark, experts said, adding the index is likely to take support at 21,500 level.
Experts expect the Nifty 50 to focus on 21,800-22,000 levels in coming weeks after ongoing consolidation, while taking support at 21,700-21,500 levels and advising buy on dips strategy
Till the Nifty50 firmly withholds the pivotal support of 19,500, there is no sign of caution in the market
In November 2022, UltraTech Cement registered a breakout from Inverse Head & Shoulder price pattern which is bullish reversal signal and indicates bullish bias in price for medium term trend.
GAIL India shares hit Rs 100 mark after a long time and rallied more than 3 percent to Rs 102.25, the highest closing level since May 20, 2022 and has formed long bullish candle on the daily charts with strong volumes, with higher high formation for fifth consecutive session.
There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said
After a short-term correction, Dr Reddy's Laboratories has formed higher bottom reversal formation. The stock is consistently taking support near the 50 and 20 day SMA (Rs 4,192, Rs 4,227)
In case of Torrent Power, momentum oscillator RSI (14) has shown a strong rebound on the daily chart from the oversold values and currently has closed above 50 levels with bullish crossover.
Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.
The government's intent is to improve efficiency and bring in new investments and the dramatic rise in stock prices is a reflection of this sentiment.
Torrent Power rose 2.61 percent to close at Rs 516.40, ABB Power Products gained 4.76 percent at Rs 2,410.35, and Godrej Properties was up 3.37 percent at Rs 2,309.5. Here's what Gaurav Sharma of Globe Capital Markets recommends:
Market may witness some profit-booking or sideways consolidation in the next few trading sessions, said Rohan Patil of Bonanza Portfolio.
The trendline support for Nifty is currently placed at 14,350 odd levels, which also coincides with the partially filled gap support placed between 14,336 and 14,469.
In the upcoming session, the market can witness a follow-up rally as there is still a lot of outstanding positions held by Call writers.
Rising trend lines plotted using earlier swing highs are showing resistance near 14,600-14,800 zone.
Although the majority of the oscillators & indicators are placed in overbought zones, but early signs of a trend reversal will come only on a close below 5-day SMA (LOW) standing around 13,550 mark.
Among sectors, Nifty FMCG and Pharma index may outperform from the current levels as they have crossed the short-term averages.
Sudarshan Sukhani of s2analytics.com recommends buying Shree Cements with stop loss at Rs 22000 and target of Rs 23300 and Torrent Power with stop loss at Rs 282 and target of Rs 297.
Mitesh Thakkar of miteshthakkar.com recommends buying Axis Bank with a stop loss of Rs 744.9 and target of Rs 780 and Bank of India with a stop loss of Rs 72.5 and target of Rs 78.5.