{"id":235198,"date":"2012-11-16T11:23:32","date_gmt":"2012-11-16T05:53:32","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=235198"},"modified":"2012-11-16T11:23:32","modified_gmt":"2012-11-16T05:53:32","slug":"analysis-jindalstel","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/16\/analysis-jindalstel\/","title":{"rendered":"Analysis: JINDALSTEL"},"content":{"rendered":"

Today\u2019s pick is [stockquote]JINDALSTEL[\/stockquote]. The stock has been in a down-trend for the most part since Feb this year. However, there was a slight up-move in Sep, but it gave up by start of Oct. Since then the stock has been in a down-trend again. In the last three month period, the stock moved -11%<\/font><\/strong> Vs +5%<\/strong> as that of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 33 and \u201331, and are hovering around the over-sold territory but are not suggesting any direction. <\/p>\n

MACD<\/a> line and the signal line are moving very close to each other and the Histogram is showing a decreasing levels. This can be an early indicator of an upcoming up-trend. <\/p>\n

The GMMA<\/a> chart is not suggesting any direction for either the short-term or the long-term as well. <\/p>\n

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

JINDALSTEL\u2019s average correlation<\/a> of 0.65 with the Nifty<\/a> is positive and strong. The stock will replicate the movements of Nifty closely because of the co-efficient. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

JINDALSTEL has a historical volatility<\/a> in the range of 0.3 to 1.0. The scrip\u2019s volatility is currently in the middle of the range and hence is not a concern. <\/p>\n

Looking at these technicals a short-term buy <\/b>is suggested upon a decisive MACD cross-over. A break-out of the near term resistance at 450 will trigger a longer-term<\/b> up-trend. <\/p>\n

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