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
Consolidation is expected to continue in the upcoming sessions until the frontline indices trade above their short-term moving averages. Below are some short-term trading ideas to consider.
The consolidation in the market is expected to continue, with a focus on stock-specific action amid the earnings season. Below are some trading ideas for the near term.
This week, 18,650-18,700 is expected to be a crucial hurdle and, if the index decisively surpasses this area, then 18,800-19,000 levels can't be ruled out
Thyrocare Technologies rose nearly 2 percent to Rs 635 and formed bullish candle on the daily charts with long upper shadow, which resembles bullish Harami kind of pattern formation, which is bullish reversal pattern. The trading volume was high on the same day.
Shree Cements jumped 5.5 points to 24,458 and formed robust bullish candlestick pattern on the daily charts with robust volumes, continuing uptrend for fourth consecutive session. The stock has seen a break out of long downward sloping resistance trend line adjoining September 15, 2021 and April 29, 2022.
Given the expiry week, there could be volatility with also focus on global cues. If the index fails to sustain Friday's low of 17,710 then we can see further selling pressure, experts said.
The pragmatic strategy would be to stay light on positions and be stock-specific, said Sameet Chavan of Angel One
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.
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.
Dilip Bhat of Prabhudas Lilladher is positive on the pharma sector largely because of the growth factor and because of the profitabilities.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one may prefer SBI, Britannia Industries, Reliance Capital and Thyrocare.
In an interview with CNBC-TV18, SP Tulsian, sptulsian.com, shares his views on the microfinance space and sugar stocks.