Tag: NIFTYBEES

Analysis: MTNL (MTE)

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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

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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

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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

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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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Analysis: INFY

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Today’s pick is [stockquote]INFY[/stockquote]. The stock has been in a down-trend since highs of Feb. However, since late August, the stock has seen a pennant formation. In the last three month period, the stock was up 2% Vs. 4% as that of Nifty’s return.

We had issued a short-term buy last month that didn’t quite pan out as we expected – the stock is basically flat since then, stuck in a narrow range.

stock

Oscillators RSI and CMO are at currently at 50 and -3 are in no men’s land.

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.

cor

INFY’s average correlation of 0.52 with the Nifty is positive and strong. The stock will replicate the movements of Nifty because of the co-efficient. [stockquote]NIFTYBEES[/stockquote]

vol

INFY has a historical volatility in the range of 0.2 to 0.7. The scrip’s volatility is currently towards the lower side of the range.

analyst

 

Analysts have quite a high expectation regarding the stock. A drift in the earnings compared to the analysts expectation might pull the stock down. The stock saw stock selling by an insider worth Rs. 1 Cr. a couple of weeks ago.

Looking at these technicals we suggest that investors keep off this scrip for the short-term. A break-out of the pennant in either direction will trigger a longer-term call.

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