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 is likely to consolidate further until it decisively gets back above last Thursday's high. Below are some short-term trading ideas to consider.
The market may continue to consolidate with a negative bias in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is likely to maintain a positive bias in the upcoming session. Below are some short-term trading ideas to consider.
The momentum is expected to remain positive, but considering the 1,000-point rally over the last two sessions, some consolidation cannot be ruled out. Below are some trading ideas for the near term.
The market is likely to trade with a negative bias amid ongoing consolidation. Below are some trading ideas for the near term.
The market is expected to consolidate further until it trades below all key moving averages. Below are some trading ideas for the near term.
The Nifty 50 needs to climb above these moving averages for a sustainable uptrend; until then, the trend may remain in favour of the bears. Below are some trading ideas for the near term
The market is expected to sustain its downtrend amid consolidation, with a "sell on rally" strategy. Below are some trading ideas for the near term.
The Nifty 50 may see further selling pressure in the upcoming session, given the negative sentiment. Below are some trading ideas for the near term.
According to experts, the Nifty 50 is likely to march towards the 24,300-24,500 zone if it manages to hold above 24,100 in the coming sessions. However, breaking below 24,100 could drag it down towards the 24,000-23,900 zone. Here are some trading ideas for the near term.
The Nifty is likely to maintain an upward rally towards 24,900-25,000, with immediate support at 24,600-24,500 levels. Here are some trading ideas for the near term.
The Nifty 50 needs to give a decisive close above 24,200 for a further northward journey towards 24,500, with support at 24,000. Here are some trading ideas for the near term.
The Nifty 50 is expected to consolidate with a hurdle at 24,200 on the higher side and support at 23,800. Here are some trading ideas for the near term.
The Nifty 50 is likely to hit 24,100-24,200 at the start of the July series, provided it holds 24,000. However, failure to do so can drag it towards 23,800. Here are some trading ideas for the near term.
Dabur India formed strong bullish candlestick pattern on the daily timeframe with significantly higher volumes. Now, the stock traded well above all key moving averages, which is a positive sign.
In the short term, the Nifty 50 may continue to be susceptible to selling pressure with resistance anticipated around 22,250. On the downside, support levels are positioned at 21,800 and 21,700.
HDFC Securities expects smallcaps to underperform Nifty in the short term.
The Nifty has just broken out from the flag pattern, and may further accelerate towards 22,118 levels. As long as it is above 21,580, buying on dips can be a prudent strategy.
Looking ahead, the bullish sentiment is likely to persist as long as the index remains above 19,500.
Looking ahead, the Nifty50 may continue to follow a bearish trend as long as it remains below 19,500, with initial support likely around 19,330.
The next support is placed at 200-day SMA of 17,368, which coincides with Budget day's low, as breaking this may drag the Nifty towards 17,000 level, whereas the near-term resistance is expected at 17,600 followed by 17,700-17,800
In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
The selling can be extended in the coming sessions with support at 18,100-18,000 levels, however, on the higher side, the index may face hurdles at 18,500-18,700 levels if it holds these supports
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies