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
Market sentiment is likely to remain favourable for bulls on the Muhurat trading day. Below are some short-term trading ideas to consider.
Overall, the trend remains favourable for bulls, but some consolidation can't be ruled out given the healthy rally in the last few sessions. Below are some short-term trading ideas to consider.
The market may see some more consolidation amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to gain strength soon amid ongoing range-bound trading. Below are some trading ideas for the near term.
The market is likely to consolidate further, while the overall trend remains in favour of the bulls. Below are some trading ideas for the near term.
The market is expected to remain consolidative with a negative bias. Below are some trading ideas for the near term.
A further northward journey is likely to be seen in the Nifty 50, though it may be accompanied by consolidation. Below are some trading ideas for the near term.
Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI may also do the same here.
Hindustan Copper has seen a breakout of downward sloping resistance trendline and has formed robust bullish candlestick pattern on the daily timeframe with significantly higher volume.
For an intermediate bullish trend to hold, Nifty has to sustain above the crucial support of 19,550.
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
Traders should cut their short positions if Nifty surpasses 19,650 resistance.
The trend of the Nifty is likely to remain bullish unless it closes below 18,900.
Primary trend of Kirloskar Oil Engines has been bullish, as stock is holding above long-term moving averages. Indicators and oscillators have turned bullish on the daily and weekly charts.
Union Bank of India shares gained 4.7 percent to close at Rs 66, forming long bullish candle on the daily charts with above average volumes. The stock closed above the median of Monday's red candle, may be indicating positive mood.
Technically, since its listing, PB Fintech remained in a gradual decline, however, in the last few months the pace of the fall flatten, which is resulting in a positive divergence. It is an indication of the change in the prevailing trend.
Hitachi Energy India has broken out on the daily chart with higher volumes where it closed at highest level since June 2, 2022. The stock price is on the verge of breaking out from the downward sloping trendline, adjoining the highs of March 3 and June 1, 2022.
In case of Torrent Power, momentum oscillator RSI (14) has shown a strong rebound on the daily chart from the oversold values and currently has closed above 50 levels with bullish crossover.
RSI oscillator has bounced back from the 30 odd levels and started rising, suggesting higher possibility of bullish trend reversal in DCB Bank stock price in the coming days.
The immediate resistance for the Nifty is capped near 17,355 levels. If the index closes above 17,355 convincingly, then the gate is open at 17,600 levels.
Nifty is currently heading lower towards 18,000-17,900 and this zone will act as a key support. If this level is breached, the index can move even lower towards 17,600, said Karan Pai of GEPL Capital.
Sudarshan Sukhani of s2analytics.com advises selling Adani Power with a stop loss of Rs 58, target of Rs 54.
Sudarshan Sukhani of s2analytics.com recommends buying L&T Finance Holdings with stop loss at Rs 115 and target of Rs 124 and Tech Mahindra with stop loss at Rs 764 and target of Rs 795.
Sudarshan Sukhani of s2analytics.com recommends buying Castrol India with stop loss at Rs 149 for target of Rs 165 and Manappuram Finance with stop loss at Rs 160 and target of Rs 185.
Japanese brokerage firm Nomura says the Supreme Court judgment favours banks and is positive for SBI and ICICI Bank.