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
considering reciprocal retracements, levels around 22,500 and 22,630 are viewed as immediate resistance for Nifty 50.
Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts
Triveni Turbine also saw a breakout of downward sloping resistance trendline and formed long bullish candlestick pattern with upper and lower shadows on the daily charts.
Triveni Turbine shares climbed 4.5 percent to Rs 315 and formed long bullish candle on the daily timeframe with making higher high higher low formation. The stock traded above all key moving averages (9, 21, 50, 100 and 200-day EMA - exponential moving average).
National Aluminium Company shares rose 5.6 percent to Rs 82.65, the highest closing level since January 31 and formed robust bullish candlestick pattern on the daily charts with above average volumes. The stock made higher highs higher lows formation for second consecutive session, with getting back above all key moving averages.
Just Dial which saw strong gap up opening and was locked in 10 percent upper circuit at Rs 644.30 and formed long bullish candle on the daily charts with healthy volumes. The stock has given a strong close above 200 DEMA (day exponential moving average - Rs 636) and seen a breakout of downward sloping resistance trend line.
Triveni Turbine shares gained nearly 5 percent to Rs 266.30, trading near all-time high and formed bullish candlestick pattern on the daily charts. On monthly charts, there was Three White Soldiers kind of pattern formation.
Puravankara has broken out on the daily chart on August 5, where it closed at highest level since July 25, 2022. Short term trend of the stock is positive as it is trading above its short term important moving averages.
Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.
The Nifty 50 is expected to range between 18,000 and 18,400 in the F&O expiry week, experts said, and all eyes are on the banking sector.
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends investors should do with these stocks when the market resumes trading today
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
Most brokerages feel 2020 could be the year for broader markets to do well
After the mega booster, most brokerages raised their Sensex and Nifty target by 15-20 percent from September 19's closing levels and also raised earnings estimates for sectors such as banking & financials, FMCG, auto
Bharat Electronics Ltd (BEL) is a Navaratna enterprise having 37% market share in Indian Defence Electronics. BEL’s core capabilities are in radar & weapons systems, defence communication & electronic warfare.
Mahindra CIE (MCIE) is among the top global forging players with a strong presence in both Europe and India. Currently 2/3 of the revenue comes from Europe (split btw CV’s & PV’s) while rest from India (PVs).
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks and sectors.
The index may march towards 9,580-9,600 levels in the near-term. Any dip must be used as a fresh buying opportunity.
SP Tulsian of sptulsian.com is of the view that Parrys Sugar post results has risen to a level of Rs 58-59. "I will not be surprised to see the stock hitting lower circuit continuously for one week or it may correct to about Rs 40 for the simple reason that it is getting merged to the EID Parry," he said.
According to Rahul Arora of Nirmal Bang Institutional Equities, one can hold Triveni Turbine and TD Power Systems.
In an interview to CNBC-TV18, Kamlesh Kotak, Head of Research, AMSEC shares his list of hits and misses post Q4 earnings.
Here's a list of top 10 stocks that are in news today due to fourth quarter earnings, company which plans to expand business, and stocks that have daily moving average.
Prakash Diwan of Altamount Capital Management is of the view that one may buy Triveni Turbine on dips.
Rahul Arora, CEO at Nirmal Bang Institutional Equities is positive on Triveni Turbine and feels that the stock may rise by 35-40 percent from the current level.
Kunj Bansal of Centrum Wealth Management is of the view that one may look at power utility space.