{"id":243220,"date":"2012-11-29T10:17:32","date_gmt":"2012-11-29T04:47:32","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=243220"},"modified":"2012-11-29T10:17:32","modified_gmt":"2012-11-29T04:47:32","slug":"analysis-sesagoa","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/11\/29\/analysis-sesagoa\/","title":{"rendered":"Analysis: SESAGOA"},"content":{"rendered":"

Today\u2019s pick is [stockquote]SESAGOA[\/stockquote]. For most part of the year since Feb, the stock has been in a downtrend. It firstly found support near the 180 levels, but after penetrating that level it has found support at 160 levels. And a reversal of roles is starkly visible with the support turning into a resistance for the stock. In the last three months, the stock moved – 2% against 7% as that of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 53 and -10 are in no men\u2019s land. <\/p>\n

MACD<\/a> line and signal line have been moving quite close for a long time, and MACD line has just cut signal line in a bullish manner, suggesting a near term bull run for the stock. <\/p>\n

The long-term and short-term GMMA<\/a> lines are very close to each other and are unable to suggest any direction. <\/p>\n

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

SESAGOA\u2019s average correlation<\/a> of 0.63 with the Nifty<\/a> is positive. The stock will be able to replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

SESAGOA has a historical volatility<\/a> in the range of 0.3 to 0.9. 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. A longer-term<\/b> call could be made after a reaction against the 180 levels is seen. <\/p>\n

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