There are mainly two parts of the Equity Research or Stock Research:
1. Fundamental Analysis
2. Technical Analysis.
Fundamental analysis is all about the nos. from the Company accounts. Fundamentally how the company is good within the industry and as compared to the peers. The analysis includes different ratio analysis (EPS, PE, current ratio, debt ratio, asset cover, forward PE and lots of other), P/L accounting, Sales comparisons from year to year etc.
Technical Analysis is about the analysis of intra day chart and historical graphs. A no. of variations are there in the charting and corresponding analysis. But it is the experience that spokes at the end. The analysis predicts in which way a particular scrip will move in the intra day session.