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
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
The Nifty 50 lost 0.8 percent last week but stayed consistently above the crucial 17,000 mark as well as the 200-day moving average of about 17,030 in the past six straight sessions. The first half of this week will likely give a fair idea of the short-term direction
The RSI indicator plotted on the daily charts is forming higher top higher bottom and sustaining above 55 mark indicating positive momentum of Tata Power Company
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
Until the decisive breakout is not seen on the Nifty, one should expect a rangebound movement and focus on stock-specific action, Sameet Chavan of Angel One advised
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.
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For the coming week, Ruchit Jain of 5paisa.com says 17,500 will now be seen as the important support while a move above 17,700 could again lead to a buying interest amongst market participants and take the index towards 17,900-18,000
The Nifty is placed very close to the support zone (17,550-17,650) and is also very oversold on the shorter time frame. Thus in the sessions to come we might see the index consolidate between the 18,000-17,550
The Nifty50 is expected to be in the range of 17,500-18,000. Only a break above 18,000 will increase momentum on the upside and trigger fresh buying, says Malay Thakkar
Here's what Vikas Jain of Reliance Securities has to say about these three stocks when the market resumes trading today
Here's what Jatin Gohil of Reliance 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.
Selling pressure at higher levels after the sharp rally indicate a pause in the momentum, which is healthy for a further upside, technical experts said.
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.
The key support levels to watch out for in the short-term are 14,635 (weekly low), followed by 14,297 (61.8 percent retracement level of the rise from 13,596-15,431).
As the market is inching higher, there is an upward shift in support level which is placed at 12,800 levels, supported by a 21-day exponential moving average.
In the coming months, the broader markets will outperform the benchmarks if the growth comes back on track, say experts.
Various measure taken by the government and ‘unlocking ‘ of the economic activity has made brokerages confident of an economic recovery and they have been upgrading stocks.
The benchmark index is just a few points away from the recent top of 11,341 which also happens to be the highest point of the rally started since March 2020.
Prakash Gaba of prakashgaba.com recommends buying Escorts with target at Rs 900 and stop loss at Rs 870 and ICICI Bank with target at Rs 560 and stop loss at Rs 545.
Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Bank with a stop loss of Rs 1232 for target of Rs 1265 and JSW Steel with a stop loss of Rs 254 for target of Rs 269.
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According to Citi, Mundra UMPP resolution is likely in the next 3-6 months and non-core asset divestment-led deleveraging could lift numbers
Nifty index trading above 11,640 will accelerate upmove taking it higher towards the target of cup and handle pattern formed on a lower time frame which comes to 11,740 mark.