{"id":228621,"date":"2012-11-06T11:06:32","date_gmt":"2012-11-06T05:36:32","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=228621"},"modified":"2012-11-06T11:06:33","modified_gmt":"2012-11-06T05:36:33","slug":"analysis-ktkbank","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/06\/analysis-ktkbank\/","title":{"rendered":"Analysis: KTKBANK"},"content":{"rendered":"

Today\u2019s pick is [stockquote]KTKBANK[\/stockquote]. The last year saw the stock trading in a 60 to 140 range and the stock is in an up-trend since its Jan lows; The stock just saw 52-week highs at 140 levels. In the last three month period, the stock is up 42% vs. the Nifty\u2019s 8%.  <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are currently at 69 and 36 and are close to the over-bought<\/strong> territory. <\/p>\n

MACD<\/a> line and the signal line are moving very close to each other and the histogram<\/a> levels are steady \u2013 signaling a short-term consolidation<\/strong> in progress. <\/p>\n

The GMMA<\/a> chart shows both long-term and short-term lines fanning out. This is an extremely bullish<\/strong> signal for the stock. <\/p>\n

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

KTKBANK\u2019s average correlation<\/a> of 0.6 with the Nifty<\/a> is positive and strong. The stock will replicate the movements of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

KTKBANK had a historical volatility<\/a> in the range of 0.4 to 0.8 till Sep 12, after which we see a rise in the volatility. This high volatility asks for a cautious outlook for the stock. <\/p>\n

Looking at these technicals a short-term hold <\/b>is suggested. Although, the spreading GMMA lines are giving a strong long-term buy<\/strong> signal for the stock. <\/p>\n

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