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 consolidate, but overall, the trend remains favourable for bulls. Below are some short-term trading ideas to consider.
The consolidation is expected to continue as long as the frontline indices trade below the 50-day EMA. Below are some short-term trading ideas to consider.
The bullish momentum is likely to continue, with the Nifty climbing to 24,000-24,200 levels in the immediate term, with immediate support at 23,700. Here are some trading ideas for the near term.
Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark
Titagarh Wagons is a classical uptrend where it is witnessing Bullish Flag formation with closing above its 20-DMA (day moving average). The upside momentum is likely to continue for an immediate target of Rs 150 while Rs 115 will act as a strong support level.
Titagarh Wagons is witnessing a breakout of Bullish Flag formation to resume its classical uptrend. It is respecting its 9-SMA beautifully which is currently placed at Rs 120 level, said Pravesh Gour of Swastika Investmart
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.
For Nifty, the important support to watch out for would be 14,222, below which, the recent bullish structure will get distorted to extend the correction towards 14,000–13,800 levels.
Ruchit Jain of Angel Broking is of the view that one may buy United Spirits with a target of Rs 3510.
The immediate resistance on Nifty is now placed at 10,400 odd levels which are needed to be taken out in the follow-up buying. The support levels have now shifted to 10300 - 10320 levels, says Mustafa Nadeem, CEO, Epic Research.
Glenmark Pharma, DLF, Hero Motocorp and Titagarh Wagons could give up to 28 percent return in the short term.
The risk-to-reward ratio will be more favourable for stocks which have not attracted too much of interest which could be due to the sector or stock-specific reasons.
Ruchit Jain of Angel Broking is of the view that one may buy Ajanta Pharma with a target of Rs 1745.
Acccording to Ambareesh Baliga, Independent Market Expert, one can pick Titagarh Wagons while Ambuja Cements may hit Rs 260 and Britannia Industries may test Rs 3450.
Rajat Bose of rajatkbose.com advises buying Titagarh Wagons, Rain Industries, RS Software and Tata Global.
In an interview to CNBC-TV18, Prakash Diwan of Altamount Capital Management shared his readings and outlook on specific stocks and sectors.
SP Tulsian of sptulsian.com tells CNBC-TV18 why he would prefer to avoid Titagarh Wagons for now. He also shares his outlook on Claris Lifesciences after it sold off its injectibles business and on the cement sector.
Avinnash Gorakssakar, Market Expert recommends holding Titagarh Wagons with the stock looking attractive.
Prakash Gaba of prakashgaba.com is of the view that one can hold Titagarh Wagons.
Gaurang Shah of Geojit BNP Paribas is of the view that one may prefer KEC International with long term view.
Sameet Chavan of Angel Broking is of the view that one may buy Bharat Forge with a target of Rs 995.
Sameet Chavan of Angel Broking is of the view that one may buy Engineers India with a target of Rs 256.
In an interview to CNBC-TV18 Aashish Tater of fortunewizard.com shared his reading and outlook on the market.
According to Rajat Bose of rajatkbose.com, one can exit Titagarh Wagons.
Vijay Chopra of enochventures.com is of the view that one may exit Titagarh Wagons on rallies.