{"id":222826,"date":"2012-10-29T10:21:45","date_gmt":"2012-10-29T04:51:45","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=222826"},"modified":"2012-10-29T10:21:45","modified_gmt":"2012-10-29T04:51:45","slug":"analysis-raymond","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/10\/29\/analysis-raymond\/","title":{"rendered":"Analysis: RAYMOND"},"content":{"rendered":"

Today\u2019s pick is [stockquote]RAYMOND[\/stockquote]. The stock has made a 12% since the Rs. 335 levels of last October. <\/p>\n

The up-trend since January this year has seen resistance around the 420 levels a few times. The stock has seen many corrections in the last one year, and is trading above the near-term support of 340. <\/p>\n

\"image\"<\/a> <\/p>\n

Oscillators RSI<\/a> and CMO<\/a> are at currently at 53 and -4. At this level of RSI, the stock has to decide on which way to go. CMO doesn\u2019t suggest an imminent move either. <\/p>\n

The MACD<\/a> and signal lines are closing in. The histogram<\/a> levels are on a decline suggesting a possibility of an up-move. <\/p>\n

The GMMA<\/a> chart for the stock is not suggesting a directional move, one way or the other. The short-term lines are very close to each other and the long-term lines are entangled. <\/p>\n

\"image\"<\/a> <\/p>\n

Raymond\u2019s average correlation<\/a> of 0.57 with the Niftybees is positive and strong. At this level, the stock will not replicate the Niftybees. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"image\"<\/a> <\/p>\n

Raymond has a historical volatility<\/a> in the range of 0.4 to 0.8. The scrip\u2019s volatility is currently on a decline because of the consolidation phase the stock is undergoing. <\/p>\n

Looking at these technicals, it appears that the stock is presently in the consolidation territory. A short-term hold<\/b> is suggested. For the long-term outlook of the scrip, watch the long-term GMMA lines to surface a trend. <\/p>\n

\n
Related articles<\/h6>\n