Author: Abhishek

Analysis: GOLDBEES

Today’s pick is GOLDBEES. [stockquote]GOLDBEES[/stockquote]. The ETF has been in a constant uptrend since the start of this year. However, since touching the 52 weeks high around 3100 levels, the stock corrected to 2950 levels and saw a pullback from the pre-existing trend-line. The 52 week high is currently behaving as a resistance level. In the last three months, the ETF is down -0.5% against 11% rise of Nifty’s.

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Oscillators RSI and CMO are at currently at 47 and -16 are closing in towards the over-sold territory.

MACD line has just cut signal line in a bearish manner, suggesting a near term bear run for the stock.

The long-term and short-term GMMA lines are running very close to each other not suggesting any particular direction for the ETF.

Short-term technical just saw a 9X4 bearish cross over for the ETF.  

cor

GOLDBEES’s average correlation of -0.014 with the Nifty is negative. The ETF will not replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

  vol

GOLDBEES has a historical volatility in the range of 0.6 to 1.2. The scrip’s volatility is currently in the middle of the range.

Looking at these technicals the ETF is short-term hold. A pennant seems to be forming that makes us nervous suggesting a long-term buy. However, it seems to have held its trend-line over the last few trading days. At the risk of sounding too nuanced, we suggest a medium-term buy. We’ll turn long term buyers of the yellow metal once we see a bullish breakout of the pennant. 

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Analysis: MTNL (MTE)

Today’s pick is MTNL [stockquote]MTNL[/stockquote]. The stock has been range bound for most part of the year. However, after reaching the 52 weeks high at 43, the stock is in a continuous downtrend. In the last three month period, the stock tanked -33% Vs. 11% as that of Nifty’s return.

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Oscillators RSI and CMO are at currently at 38 and -32 are hovering close to over-sold territory.

MACD line and the signal line are moving very close to each other and are not suggesting any trend.

The GMMA long-term as well as short-term lines are running very close to each other and are not able to suggest any direction.

The short-term technicals show a 4X9 bullish cross-over for the stock.

cor

MTNL’s average correlation of 0.58 with the Nifty is positive and strong. The stock will replicate the movements of Nifty because of the co-efficient. [stockquote]NIFTYBEES[/stockquote]

vol

MTNL has a historical volatility in the range of 0.4 to 1.2. The scrip’s volatility is currently towards the lower side of the range.

Analysts have mixed expectations regarding this stock. Next set of earnings can help bring a different picture on the charts.

Looking at these technicals a short-term buy is suggested, but one should be cautious. The long-term trend-line is headed to the pits.

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Analysis: WSTCSTPAPER

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.

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Oscillators RSI and CMO are at currently at 65 and 41 are closing in towards the over-bought territory.

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.

cor

WSTCSTPAPR’s average correlation of 0.52 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

vol

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.

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Analysis: SESAGOA

Today’s pick is [stockquote]SESAGOA[/stockquote]. For most part of the year since Feb, the stock has been in a downtrend. It firstly found support near the 180 levels, but after penetrating that level it has found support at 160 levels. And a reversal of roles is starkly visible with the support turning into a resistance for the stock. In the last three months, the stock moved – 2% against 7% as that of Nifty’s.

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Oscillators RSI and CMO are at currently at 53 and -10 are in no men’s land.

MACD line and signal line have been moving quite close for a long time, and 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 very close to each other and are unable to suggest any direction.

cor

SESAGOA’s average correlation of 0.63 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

vol

SESAGOA has a historical volatility in the range of 0.3 to 0.9. The scrip’s volatility is currently in the lower end of the range and hence is not a concern.

Looking at these technicals a short-term buy is suggested. A longer-term call could be made after a reaction against the 180 levels is seen.

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Analysis: CROMPGREAV

Today’s pick is [stockquote]CROMPGREAV[/stockquote]. The stock has seen a lot of ups and downs in the past one year. For the first half of the year, the stock was in a downtrend till it reached the 110 levels which is a strong support level for the stock. The stock recently touched the same levels, and has just started moving upwards. In the last three months, the stock moved 4% against 5% as that of Nifty’s.

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Oscillators RSI and CMO are at currently at 47 and 13 are close to the over-sold territory.

MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock.

The long-term GMMA lines are very close to each other and are unable to suggest any direction. The short-term lines have just seen a reversal, giving out a bullish sign again for the near-term.

cor

CROMPGREAV’s average correlation of 0.54 with the Nifty is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

vol

CROMPGREAV has a historical volatility in the range of 0.4 to 0.9. The scrip’s volatility is currently in the lower end of the range and hence is not a concern.

Looking at these technicals a short-term buy is suggested. A longer-term call could be made after a decisive fanning out of the GMMA long-term lines or breaking of resistance at 140 levels.

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