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
Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
The trend is expected to remain in favour of bears, continuing the 'sell on rally' strategy. 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.
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.
The hourly chart reveals ongoing strength in both MACD (moving average convergence divergence) and RSI (relative strength index) indicators, hinting at sustained positive momentum.
HEG formed bullish candlestick pattern with long upper shadow on the daily charts. The stock has seen a breakout of small downward sloping resistance trendline, which is a positive sign.
The banking index has been showing outperformance and is continuing its uptrend after some consolidation. Among private sector banks, Axis Bank is showing strength and has given a breakout above its previous swing high resistance.
Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days' negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 and July 12, 2022.
The outcome of US Fed policy will be decisive for global markets, while corporate earnings will lead to stock-specific movements in the Indian market
Genus Power Infrastructures has broken out from the symmetrical triangle on weekly charts with higher volumes. Stock price has also closed at all-time high level on the weekly basis. Primary trend of the stock is positive as it trades above its all important short-term and long-term moving averages
Thermax has been moving in a rational uptrend with higher highs and higher lows formation. Recently the stock took support at its 20 Day SMA (Rs 2,009) and broke out of a 3 months consolidation backed with good volumes.
Thermax is in a strong uptrend, where it is respecting its 50 and 20-DMA after a minor pullback, and is now ready to move above the previous swing high of Rs 2,175, which may lead to fresh bullish momentum towards Rs 2,300
Investors should focus on the domestic economy-facing sectors like capital goods, infrastructure, real estate and banking. In the near term, they are betting on metals, IT and pharma
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Bank Nifty is outperforming where 38,300-38,500 is an immediate resistance zone. Above this, the rally can be expected towards 39,500-40,000 levels
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
Here's what Mehul Kothari of Anand Rathi Shares and Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
Here's what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading today.
The market can expect more earnings upgrades if the strong corporate earnings reported in the March quarter are followed by quick winding of restrictions in various states and faster revival of the economy.
Technically we believe the index is expected to swing above the upper bound of the 'Broadening formation (11,377)' & move towards 11,500 zone swiftly.
Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) has kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 percent.
Any decisive break below 11,300 could add further selling pressure in Nifty
If the bullish pattern does not hold, key support levels are 5-week EMA placed around 11,760 and 20-DMA placed at 11,650
After winning the 2019 elections the Modi 2.0 government is expected to increase its focus on infrastructure spending which will aid capital goods consumption.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections