Tag: NIFTYBEES

Analysis: MARUTI

Today’s pick is [stockquote]MARUTI[/stockquote]. The stock has been on an uptrend since Jan this year. It underwent a correction period between may to August, and then continued with the up-ward movement. It is currently trading near the 52-weeks high. In the last three months, the stock moved 28% against 4% as that of Nifty’s.

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Oscillators RSI and CMO are at currently at 66 and 17 are close to the over-bought territory. But, looking at the history of the stock, they still have some buffer to reach the over-bought side.  

MACD line and signal line are running very close to each other.

The long-term GMMA lines are fanning out giving out a bullish signal, with a synchronized behavior of the short-term lines. A continued trend like this is extremely bullish for the stock.

The stock just saw a 4X9 bullish cross-over.

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MARUTI’s average correlation of 0.48 with the Nifty is positive. The stock will not be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

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MARUTI has a historical volatility in the range of 0.3 to 0.7. 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. The GMMA lines are also suggesting a longer-term buy which could be confirmed after a decisive testing of the up-trend line in place.

 

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Analysis: IDEA

Today’s pick is [stockquote]IDEA[/stockquote]. The stock has been range-bound between the levels of 75 and 100 for most part of the year. However, since September the stock is moving in an uptrend after testing the support levels. In the last three months, the stock moved 21% against 3% as that of Nifty’s.

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Oscillators RSI and CMO are at currently at 64 and 40 are close to the over-bought territory.

MACD line has just crossed signal line from above signaling a bearish move.

The long-term GMMA lines are fanning out giving out a bullish signal, with a synchronized behavior of the short-term lines. A continued trend like this is a bullish sign for the stock.

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IDEA’s average correlation of 0.40 with the Nifty is positive. The stock will not be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

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IDEA 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 sell is suggested. A longer-term buy call could be made after a decisive testing of the up-trend line in place.

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Analysis: SIEMENS

Today’s pick is [stockquote]SIEMENS[/stockquote]. The stock was in an up-trend in the starting of this year until mid-April, after which it started declining to find support at the long term 650 levels. However, since June it has been range-bound between the 650 and 750 levels. In the last three months, the stock moved 2% Vs 4% as that of Nifty’s.

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Oscillators RSI and CMO are at currently at 38 and -16 are close to the over-sold territory but are not suggesting any direction.

MACD line and signal line are moving close to each other but are not indicating of any directional move.

The long-term GMMA chart is very tightly packed with short-term lines are starting to move up, directing a short-term upward movement.

The stock saw a bearish 9X18 crossover a week ago.

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SIEMENS’s average correlation of 0.60 with the Nifty is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote] 

vol

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

Looking at these technicals a short-term buy is suggested if a pullback from the 650 levels is seen on higher volumes. A longer-term call could be made after a decisive break-out of the range in either direction.

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Analysis: TATAGLOBAL

Today’s pick is [stockquote]TATAGLOBAL[/stockquote]. The stock has been in a up-trend for the most part since Feb this year. In the last three month period, the stock moved 21% Vs. 4% of Nifty’s.The stock is currently trading near its 52 weeks high.

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Oscillators RSI and CMO are currently at 54 and 31, and are close to the over-bought territory but are not suggesting any direction.

MACD line has just crossed the signal line from above, giving a bearish signal. This can be an early indicator of an upcoming down-trend.

The long-term GMMA chart is suggesting an upward direction with the fanning out of the lines.

The technicals are also in the divergence mode with the current price action, which is a short term bearish sign for the stock.

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TATAGLOBAL’s average correlation of 0.46 with the Nifty is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[/stockquote]

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

Looking at these technicals a short-term sell is suggested. A correction to the long-term trend-line will see a continuation of the longer-term up-trend.

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Analysis: ICICIBANK (IBN)

Today’s pick is [stockquote]ICICIBANK[/stockquote]. The stock has been in an up-trend since lows of last December. However, the last one and a half month has seen a range bound movement for the stock. In the last three month period, the stock was up 6% Vs. Nifty’s 4%.

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Oscillators RSI and CMO are at currently at 40 and -33 are hovering around the over-sold territory but are not suggesting any direction.

MACD line and the signal line are moving away from each other and are not suggesting any trend. The 18X9 cross-over is currently bearish.

Every technical chart currently is showing a divergence with the price chart. This is not a very good sign for the near-term.

The GMMA long-term lines were running parallel to each other but are closing in because of the range-bound movement in the recent past. This is a bearish sign for the stock.

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ICICIBANK’s average correlation of 0.82 with the Nifty is positive and quite strong. The stock will replicate the movements of Nifty closely because of the high co-efficient. [stockquote]NIFTYBEES[/stockquote]

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ICICIBANK has a historical volatility in the range of 0.3 to 0.8. The scrip’s volatility is currently towards the higher 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, keep off this scrip for the short-term. A break-out of the flag in either direction will trigger a longer-term call.

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