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 trend is expected to remain favourable for bulls despite a possible immediate consolidation following the recent rally. Below are some short-term trading ideas to consider.
The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term trading ideas to consider.
The benchmark indices are expected to consolidate further until a decisive close above short-term moving averages. Below are some trading ideas for the near term.
The market trend is expected to remain positive amid consolidation. Below are some trading ideas for the near term.
After the significant weakness over the last four days, the market may see consolidative and rangebound trading with a slightly negative bias. 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 a minor rebound after the significant fall, but overall, the trend remains weak. Below are some trading ideas for the near term.
The Nifty 50 may extend its upward trend in the upcoming session but overall remains consolidative. Below are some trading ideas for the near term.
The index is likely to trade within the 24,000-24,500 range. Breaking the upper range may take it towards 24,800, and below 24,000, the 23,700 level is the one to watch. Here are some trading ideas for the near term.
IRFC has seen a consolidation breakout. The stock has formed long bullish candlestick pattern on the daily charts with robust volumes and traded above all key moving averages.
The overall trend looks positive, the Nifty index can move higher till 19,000 followed by 19,366 levels in the coming future.
Tube Investments of India jumped 5 percent to settle at record closing high of Rs 3,172 and formed long bullish candlestick pattern on the daily timeframe, with above average volumes, after three-day consolidation.
The overall structure in Tube Investments of India is very lucrative as it trades above its all-important moving averages.
Varun Beverages was also in focus, climbing 3 percent to end at record closing high of Rs 1,410 and formed bullish candle on the daily charts. Also it has seen a break out of small horizontal resistance trend line adjoining December 5 and December 8.
Apar Industries is in classical bullish momentum and forming higher highs & higher lows formation on the longer timeframe. The previous swing high around Rs 1,540 is an immediate level; above this, we can expect Rs 1,774 level in the near term.
Birla Cable was locked in 20 percent upper circuit at Rs 144, forming robust bullish candlestick pattern on the daily charts with above average volumes. It has seen a breakout of long downward sloping resistance trend line adjoining March 23, April 7, and August 2 this year.
The cooling off of metal prices was the biggest driver for the sector. Metal forms the major portion of auto companies' operating expenses
Himadri Speciality Chemical rallied 15.88 percent to Rs 73.35 and formed strong bullish candlestick pattern on the daily charts with higher than average volumes. Even on weekly basis, there was a bullish candle formation and on the monthly scale, the stock has seen Bullish Engulfing pattern, indicating positive trend.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
Mid and smallcaps may cool off a little but this opportunity should be used to add quality stocks to your portfolio as the long-term market outlook is bullish, says experts
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
The stock may be bought in the range of Rs 314-317 for targets of Rs 340-360, keeping a stop loss below Rs 290, says Aditya Agarwala of YES Securities.