Today’s pick is [stockquote]WSTCSTPAPR[/stockquote]. For most part of the year the stock was range-bound between 40 to 60 levels. Starting Sep it saw a breakout of the resistance at 60 levels and since, it has been on a constant up-trend. The stock is currently trading at its 52-week high. In the last three months, the stock moved 118% against 9% as that of Nifty’s.
MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock.
The long-term and short-term GMMA lines are spread out and are both suggesting a bullish move for the scrip.
WSTCSTPAPR has a historical volatility in the range of 0.4 to 1.6. The scrip’s volatility is currently in the middle of the range.
Looking at these technicals the stock is short-term and long-term buy.
Disclaimer: I hold this stock in my portfolio.