StockViz – Page 228 – Invest Without Emotions

Analysis: TATACOMM (TCL)

Abhishek February 25, 2013February 25, 2013

Today’s pick is TATACOMM [stockquote]TATACOMM[/stockquote]. The stock has been range-bound between Rs. 220 and Rs. 260 for most part of the year. There is a secondary support at Rs. 200 levels. The stock is again headed towards the lower end of the range. In the last three months, the stock has moved -4.1% vs. a flat Nifty.

Oscillator RSI and CMO are in no man’s land. The stock is trading in the middle of Bollinger band not giving any short-term directional bias. Short-term technicals saw a 9×18 bullish cross-over.

The MACD line and signal line are moving very close to each other without giving any directional bias. Also, Long-term and short-term GMMA lines can be seen contracting, unable to give any direction to the stock.

TATACOMM’s average correlation with the Nifty is -0.11 which is negative. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

TATACOMM has a historical volatility in the range of 0.4 to 1.2. The scrip’s volatility is currently in the lower end of the range.

Analysts continue to have an underperform rating for the stock.

Given these technicals, we suggest a short-term hold. For the long-term a call can be taken once this Rs. 220 – Rs. 260 range is broken in either direction. However trailing stop-losses will be of help in case sudden trend-reversal were to take place.

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Categories Your Money Tags TATACOMM, technical analysis

Live Portfolio Performance–Feb/22

Abhishek February 22, 2013February 22, 2013

The portfolio is down 12% since its inception on 4th of Feb whereas the NIFTY was down only 3%.

Major rejigs in the portfolio were selling UCOBANK and FKONCO, and buying NTPC and GEOMETRIC instead.

Hope for a better performance next week and the budget is favorable.

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Categories Your Money Tags live portfolio

Weekly Recap

Abhishek February 22, 2013February 22, 2013

The NIFTY ended tepid, moving just +0.08% for the week.
Biggest losers were JINDALSTEL (-7.43%), COALINDIA (-5.19%) and TATAMOTORS (-3.79%).
And the biggest winners were DLF (+13.17%), WIPRO (+4.18%) and ACC (+3.34%).
Decliners eclipsed advancers 28 vs 22

Gold: -2.70%, Banks: -1.49%. Infrastructure: -1.81%,
Net FII flows for the week: $152.17 mm (Equity) and $46.10 mm (Debt)

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Categories Your Money Tags weekly

Analysis: PRESTIGE

Abhishek February 22, 2013February 22, 2013

Today’s pick is PRESTIGE [stockquote]PRESTIGE[/stockquote]. The stock has been on an uptrend for most part of the year. It moved in a very tight range of Rs. 100 and Rs. 120 for 5 months through April to August to break out with a bullish move. Since then the stock has been moving on an uptrend and saw its 52 weeks high of Rs. 195 couple of weeks ago. In the last three months, the stock has moved +10% vs. +2% of the Nifty’s.

Oscillator RSI and CMO are in no man’s land. The stock is trading in the middle of Bollinger band not giving any short-term directional bias. Short-term technicals saw a 4×9 bullish cross-over accompanied with a Dragonfly bullish doji.

The MACD line and signal line are moving very close to each other without giving any directional bias. However, Long-term and short-term GMMA lines can be seen expanding giving out an extremely bullish signal for the stock.

PRESTIGE’s average correlation with the Nifty is -0.08 which is negative. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

PRESTIGE has a historical volatility in the range of 0.6 to 1.4. The scrip’s volatility is currently in the lower end of the range.

Given these technicals, we suggest a short-term buy. For the long-term also we suggest a buy with a keen eye around Rs. 195 levels, which might act as resistance for the stock in the short-term. However trailing stop-losses will be of help in case sudden trend-reversal were to take place.

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Categories Your Money Tags PRESTIGE, technical analysis

Analysis: PETRONET

Abhishek February 21, 2013February 21, 2013

Today’s pick is PETRONET [stockquote]PETRONET[/stockquote]. The stock saw a double top in the starting of the year around Rs 175 levels, and slipped down to find support at Rs. 125 levels by June. It then started moving up and found resistance again around the same levels, and is currently withdrawing back. In the last three months, the stock has moved -1% vs. +5% of the Nifty’s.

Oscillator RSI and CMO are in no man’s land. The stock is trading at the top of Bollinger band giving a short-term bearish bias. Short-term technicals saw a 4×9 and 4×18 bullish cross-over accompanied with a Dragonfly bullish doji.

The MACD line has penetrated the signal line in a bullish manner a couple of days ago. However, Long-term and short-term GMMA lines can be seen inverted in a bearish manner given the downward movement of the stock.

PETRONET’s average correlation with the Nifty is +0.49 which is positive. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

PETRONET 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.

Given these technicals, we suggest a short-term buy. For the long-term we suggest to take a call based upon the expansion of the long-term GMMA lines and stocks behavior around its resistance levels. However trailing stop-losses will be of help in case sudden trend-reversal were to take place.