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 is likely to consolidate further with a negative bias. Below are some short-term trading ideas to consider on January 8.
The market may remain range-bound until it trades below Monday’s high. Below are some short-term trading ideas to consider.
The continuation of the northward journey is possible only if the market posts a strong close above the 20-day EMA. Below are some short-term trading ideas to consider.
The market is expected to remain directionless in the upcoming sessions. Below are some short-term trading ideas to consider.
The market is expected to consolidate further, although the overall trend remains positive. Below are some short-term trading ideas to consider.
The momentum is expected to continue in the upcoming session. Below are some trading ideas for the near term.
Varun Beverages traded well above all key moving averages (20, 50, 100 and 200-day EMA - exponential moving average) and saw a breakout of falling resistance trendline adjoining highs of September 29, and November 6, which is a positive sign.
Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500
Varun Beverages has seen a nice decisive falling resistance trendline breakout in the initial period of trade on September 26 and has formed long bullish candlestick pattern on the daily timeframe with robust volumes.
If the index breaks 19,300, then it may get the next support around 19,000, whereas on the higher side, 19,600-19,650 is expected to be a crucial hurdle in the near term, experts said
The technical indicators are very much in line with the ongoing sentiments, adding bullish biases in the stock prices of Varun Beverages.