{"id":239985,"date":"2012-11-23T10:24:10","date_gmt":"2012-11-23T04:54:10","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=239985"},"modified":"2012-11-23T10:25:57","modified_gmt":"2012-11-23T04:55:57","slug":"analysis-maruti","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/23\/analysis-maruti\/","title":{"rendered":"Analysis: MARUTI"},"content":{"rendered":"

Today\u2019s pick is [stockquote]MARUTI[\/stockquote]. The stock has been on an uptrend since Jan this year. It underwent a correction period between may to August, and then continued with the up-ward movement. It is currently trading near the 52-weeks high. In the last three months, the stock moved 28% against 4% as that of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 66 and 17 are close to the over-bought territory. But, looking at the history of the stock, they still have some buffer to reach the over-bought side.   <\/p>\n

MACD<\/a> line and signal line are running very close to each other. <\/p>\n

The long-term GMMA<\/a> lines are fanning out giving out a bullish signal, with a synchronized behavior of the short-term lines. A continued trend like this is extremely bullish for the stock. <\/p>\n

The stock just saw a 4X9 bullish cross-over. <\/p>\n

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

  <\/p>\n

MARUTI\u2019s average correlation<\/a> of 0.48 with the Nifty<\/a> is positive. The stock will not be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

MARUTI has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility is currently in the lower end of the range and hence is not a concern. <\/p>\n

Looking at these technicals a short-term buy <\/b>is suggested. The GMMA lines are also suggesting a longer-term<\/b> buy<\/b> which could be confirmed after a decisive testing of the up-trend line in place. <\/p>\n

  <\/p>\n

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