{"id":231535,"date":"2012-11-09T11:22:11","date_gmt":"2012-11-09T05:52:11","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=231535"},"modified":"2012-11-09T11:22:12","modified_gmt":"2012-11-09T05:52:12","slug":"analysis-pantaloonr","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/09\/analysis-pantaloonr\/","title":{"rendered":"Analysis: PANTALOONR"},"content":{"rendered":"

Today\u2019s pick is [stockquote]PANTALOONR[\/stockquote]. The stock is currently trading around the same price where it was year ago \u2013 range bound between 130 to 220 levels for almost a year. However, it recently zipped past its resistance at 200 on higher volumes. In the last three month period, the stock is up 30%<\/strong> vs. 7<\/b>% for Nifty. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are currently at 62 and 18 and are closing towards over-bought territory<\/strong>. <\/p>\n

MACD<\/a> line has just crossed the signal line from below signaling a bullish movement <\/b>for the coming days. <\/p>\n

Long term set of GMMA<\/a> lines are fanning out \u2013 which is a bullish for the long term<\/strong>. Due to the recent down-trend in the stock prices the short-term lines are constricted and are not signaling any movement. <\/p>\n

In addition to these technicals, the stock seems to have some momentum behind it with 4 cross 9<\/b> and 9 cross 18<\/b> EMA bullish crossovers seen in the past week. <\/p>\n

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

PANTALOONR\u2019s average correlation<\/a> of 0.60 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

PANTALOONR had a historical volatility<\/a> in the range of 0.6 to 1.6. Currently the stock\u2019s volatility is towards the lower side of the range. <\/p>\n

Looking at these technicals a short-term buy <\/b>is suggested. For the long-term,<\/strong> the GMMA lines are giving a bullish<\/strong> signal for the stock and a break-out above the 220 levels will confirm the signal. <\/p>\n

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