{"id":237288,"date":"2012-11-20T10:54:53","date_gmt":"2012-11-20T05:24:53","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=237288"},"modified":"2012-11-20T10:54:53","modified_gmt":"2012-11-20T05:24:53","slug":"analysis-tataglobal","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/20\/analysis-tataglobal\/","title":{"rendered":"Analysis: TATAGLOBAL"},"content":{"rendered":"

Today\u2019s 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\u2019s.The stock is currently trading near its 52 weeks high. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are currently at 54 and 31, and are close to the over-bought territory but are not suggesting any direction. <\/p>\n

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

The long-term GMMA<\/a> chart is suggesting an upward direction with the fanning out of the lines. <\/p>\n

The technicals are also in the divergence mode with the current price action, which is a short term bearish sign for the stock. <\/p>\n

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

TATAGLOBAL\u2019s average correlation<\/a> of 0.46 with the Nifty<\/a> is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

TATAGLOBAL has a historical volatility<\/a> in the range of 0.3 to 0.9. 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 sell <\/b>is suggested. A correction to the long-term trend-line will see a continuation of the longer-term<\/b> up-trend. <\/p>\n

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