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
One can buy OnMobile Global immediately in small quantity and buy another tranche at Rs 140 for the long term. Upside is seen near Rs 195 with solid support of Rs 125
After some profit-booking in the past week, stocks are likely to be rangebound in the week ahead, analysts said.
The recent rally in some steel stocks has raised the concerns of peak valuations, but brokerages find it in line with their long-term historic mean.
On the downside, immediate support is seen at 11,717 where a 20-day SMA is placed. Nifty has never closed below its 20-day SMA in the month of October.
The short term trend of Nifty has reversed and the recent swing high of 11,340 could be considered as an important top reversal pattern and this area is unlikely to be breached soon
A decisive trade above 11,840 will confirm short term trend reversal and Nifty can extend its move towards 11,980-12,070
Vinod Nair, Head Of Research at Geojit Financial Services said since the valuation of mid and smallcaps is below the long-term averages, they are bound to outperform
Global volatility and elections-related uncertainties are key events to watch out for
Positional trades should buy into this counter for a target of Rs 154 with a stop below Rs 129 on a closing basis.
Overall experts said risks in 2019 could be tighter global monetary conditions, higher-than-expected crude oil prices and an escalation in China-US trade hostilities.
Rajesh Agarwal of AUM Capital recommends buying Indian Hotels with stop loss at Rs 130 and target of Rs 144, Can Fin Homes with stop loss at Rs 228 and target of Rs 248 and Cyient with stop loss at Rs 733 and target of Rs 753.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.
Dinesh Rohira of 5nance.com expects the Nifty to trade around 11,810 on upside and 11,670 on the downside on a weekly basis
For the week, largecap added 0.9 percent, midcap rose 1.51 percent, while smallcap was ended on flat note.
According to Rajat Bose of rajatkbose.com, one may hold Welspun Corp.
Sharmila Joshi of sharmilajoshi.com is of the view that one may sell Welspun Corp.
Prakash Gaba of prakashgaba.com feels that Welspun Corp may test Rs 180.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular, Welspun Corp and JM Financial.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, Escorts, Indraprastha Gas, Chennai Petroleum and Welspun Corp.
Sumeet Jain of Destimoney Securities is of the view that one may sell Multi Commodity Exchange of India (MCX) Future with a target of Rs 955.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Welspun Corp and Apollo Tyres and sell Tata Motors.
Ashwani Gujral of ashwanigujral.com recommends buying Bank of India, Sintex Industries, Jubilant Foodworks, Welspun Corp and GSFC.
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Divis Laboratories, SPARC, Capital First, Idea Cellular and Welspun Corp.
Ashwani Gujral of ashwanigujral.com recommends buying HCL Technologies, Interglobe Aviation and Marico.