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
Experts see less chance of a major correction, with the Nifty likely to take support in the 24,200-24,000 zone, whereas 24,800-25,000 may act as a resistance area. Here are some trading ideas for the near term.
Eicher Motors traded way above all key moving averages and largely maintained upward trend after a range breakout in previous week.
After hitting three-and-half-month low, Finolex Cables rebounded smartly in last two sessions and climbed back above 200-day EMA, which is a positive sign. The stock formed long bullish candlestick pattern on the daily charts, with above average volumes.
Welspun India formed robust bullish candlestick pattern on the daily timeframe with strong volumes. The stock maintained downward sloping resistance trendline breakout in the mid of October as well as stayed above all key moving averages, which is a positive sign.
NBCC traded above all key moving averages since the second half of July, and formed long bullish candlestick pattern with upper and lower shadows on the daily charts, with robust volumes.
Trend for Welspun India looks bullish. Any dip towards Rs 105 can be used as a buying opportunity for a move towards Rs 122 as long as Rs 100 holds on the downside.
Eicher Motors jumped 2.7 percent to Rs 3,213 and formed bullish candlestick pattern on the daily timeframe for third straight session, which resembles Three White Soldiers kind of pattern.
The zone of 17,600 –17,800 would be a tough nut to crack since we have a gap area near 17,500–17,600. Traders are advised to book their longs in index near this zone
Nykaa rallied nearly 8 percent to Rs 136.65 and formed a long bullish candlestick pattern on the daily charts, after taking support at around Rs 121-122 levels in the previous session and defended the all-time low of Rs 120.70 on January 23 this year.
Welspun India shares rallied nearly 9 percent to Rs 70 and formed robust bullish candle which resembles Bullish Engulfing kind of pattern formation on the daily charts with large volumes after taking a support in previous session at horizontal support trendline adjoining lows of May 26, 2022 and February 1, 2023.
Ramco System has started to diverge positively from May 2022. It is too early to say, but technically, we think the stock is on the verge of reversing its bearish trend.
Two analysts, Moneycontrol spoke to, say it will. However, Gaurav Garg of CapitalVia says the stock is over-stretched now. Manoj Dalmia of Proficient Equities advises buying the stock now, with a target of Rs 185-187.
The long-awaited package is expected to boost the textile sector as it will not only promote high-value MMF fabrics and garments, and encourage industry to add more capacities going ahead with focus on organised players, but also create huge employment in coming quarters.
Key support level to watch out for on Nifty, from a short-term perspective, is 15,600. If the index breaches below this level, we can expect further downside towards 15,450 and 15,100-15,145, said Karan Pai of GEPL Capital.
Given the expected strong momentum, experts advise top 14 stock picks that are available at attractive valuations now
Ashwani Gujral of ashwanigujral.com advises buying Adani Enterprises with a stoploss of Rs 148 and target of Rs 160.
On the daily price chart, after closing with about 8 percent intraday gain, the scrip made a solid bullish candlestick pattern, says Dinesh Rohira of 5nance.com.
We have collated a list of 12 stock strategies that investors could deploy ahead of the Karnataka election verdict on Tuesday.
Rajesh Agarwal of AUM Capital advises buying AIA Engineering with a target at Rs 1520.
Here is a list of top three trading ideas that could deliver up to 12% return.
Here is a list of top three stocks which could give up to 12% return in short term.
Prakash Gaba of prakashgaba.com recommends buying Wockhardt with target at Rs 840 and stop loss at Rs 770 while he has a sell on Bank of India with target at Rs 96 and stop loss at Rs 108.
Overall benchmark indices have been in a tight range and that rangebound or consolidation is expected to continue in short term, experts suggest.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Glenmark Pharma and Jain Irrigation Systems and can sell Biocon.
Stocks which gave multibaggers returns in the December quarter of 2016 include names like SE Power, Kushal Tradelink, India Metals, Vama Industries, HM Sugar Mills, Indokem, Atlas Jewellery, Niraj Cement etc. among others.