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
While the market may rebound following last week’s sell-off, the key factor to watch is sustainability. Below are some short-term trading ideas to consider.
The market is expected to consolidate further as long as the frontline indices continue trading below their medium-term moving averages. Below are some short-term trading ideas to consider.
Experts advise investors to stay light and avoid bottom-fishing for a while as the market is a bit oversold
Going ahead, since the market is a bit oversold, we may see some relief move in between, but traders should not get carried away by such rebounds, said Sameet Chavan of Angel One
Avinnash Gorakssakar, Market Expert is of the view that one may book some profits in Vimta Labs.
Prakash Gaba of prakashgaba.com is of the view that one may hold Vimta Labs.
Prakash Gaba of prakashgaba.com is of the view that one can buy RBL Bank on dips and advises exiting Vimta Labs at around Rs 130.
Pankaj Jain of SW Capital is of the view that Tata Steel looks strong for target price of Rs 560 in next couple of months.
Prakash Gaba of prakashgaba.com is of the view that one may go long in Vimta Labs and short Petronet LNG and Ceat.
Sameet Chavan of Angel Broking is of the view that one may buy Bharat Forge with a target of Rs 995.
Nooresh Merani of Asian Market Securities advises buying State Bank of India with a target of Rs 260.
SP Tulsian of sptulsian.com is of the view that Vimta Lab may test Rs 120 in next 6 months.
Here are top 10 stocks to focus on March 17 - HCL Technologies, Jet Airways, Dr Reddys, Hindustan Unilever (HUL), HDFC Bank, Bank of Baroda, Amtek Auto, Indian Hotel, BHEL and Zee Media.