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
Given supportive technical indicators and the easing of most concerns, the index is likely to gain momentum despite intermittent consolidation. Below are some short-term trading ideas to consider.
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.
Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.
Navin Fluorine International has seen a consolidation breakout. The stock has formed big bullish candlestick pattern on the daily timeframe, and traded above 10, 21 and 50-day EMA, but still way below 200-day EMA.
If the Nifty 50 breaks the low of this month around 21,300, the crucial support, then further correction towards 21,000 mark can't be ruled out, while 21,850 will be crucial for further upside in the 'sell on rally' market, experts said
Jigar Patel continues to advise traders to be light from now on and stay stock specific.
Nifty still has some upside potential to move towards 22,200-22,400, but this could be the final stage of the rally, after which we could see strong profit-taking in the market.
Yes Bank has decisively surpassed the swing high of December 14, 2022 on Wednesday by forming healthy bullish candlestick pattern on the daily timeframe with strong volumes.
Chalet Hotels sustained uptrend with robust volumes for three days in a row. It has seen a breakout of falling resistance trendline adjoining multiple touchpoints and traded above all key moving averages, which is a positive sign.
Tanla Platforms has given a breakout of falling resistance trendline as well as seen a consolidation breakout on Wednesday. The stock formed long bullish candlestick pattern with strong volumes, trading above all key moving averages.
Zomato has taken a support at 20-day EMA (Rs 77.15) and climbed 3.5 percent to Rs 80.3. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes.
APL Apollo Tubes has been in an uptrend for sixth consecutive session, rising more than 4 percent to Rs 1,349 on Wednesday and formed long bullish candlestick pattern with no upper shadow and very small lower shadow on the daily charts.
Delta Corp climbed 5 percent to Rs 232, the highest closing level since May 24 this year, and formed long bullish candle on the daily charts with above average volumes. Also there was a breakout of more than a month-long consolidation.
Traders should continue to ride the trend with a trailing stop-loss method and also look to add positions on any corrective declines in Coromandel International.
Traders should trade with a positive bias and look to buy Ipca Labs in the range of Rs 1,060-1,050 for a potential target of Rs 1,130 in the short term. One should place a stop-loss below Rs 1,020 on the positions.
M&M Financial Services, rising 5.5 percent to Rs 162.10, was the biggest gainer in the futures & options (F&O) segment, while Strides Pharma, adding 3.11 percent to Rs 374.85, was the fifth largest gainer.
Reliance retained its position as the biggest wealth creator for the third year in a row, with a 13.6% share of the total wealth created during 2016-21, according to a study by Motilal Oswal
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
Tanla Platforms gets its revenue flow from two main sources - platforms and enterprises.
The S&P BSE Midcap index slipped 0.57 percent for the week ended May 17 while the S&P BSE Smallcap index was down 1.5 percent in the same period.
Meghana V Malkan of malkansview.com recommends buying NIIT, Tanla Solutions, Century Textiles and Industries and Tata Chemicals.
Manav Chopra of Networth Stock Broking is of the view that one may buy UPL with a target of Rs 510.
Meghana V Malkan of malkansview.com recommends buying Dish TV, NIIT, Shriram Transport Finance Corporation and Tanla Solutions.
Meghana V Malkan of malkansview.com recommends buying Dish TV India with a stoploss at Rs 103 and target of Rs 114 and NIIT with a stoploss at Rs 92 and target of Rs 110.