{"id":246003,"date":"2012-12-03T15:13:07","date_gmt":"2012-12-03T09:43:07","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=246003"},"modified":"2012-12-03T15:13:08","modified_gmt":"2012-12-03T09:43:08","slug":"analysis-mtnl-mte","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/03\/analysis-mtnl-mte\/","title":{"rendered":"Analysis: MTNL (MTE)"},"content":{"rendered":"

Today\u2019s pick is MTNL [stockquote]MTNL[\/stockquote]. The stock has been range bound for most part of the year. However, after reaching the 52 weeks high at 43, the stock is in a continuous downtrend. In the last three month period, the stock tanked -33%<\/strong><\/font> Vs. 11% as that of Nifty\u2019s return. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 38 and -32 are hovering close to over-sold territory. <\/p>\n

MACD<\/a> line and the signal line are moving very close to each other and are not suggesting any trend. <\/p>\n

The GMMA<\/a> long-term as well as short-term lines are running very close to each other and are not able to suggest any direction. <\/p>\n

The short-term technicals show a 4X9 bullish<\/b> cross-over for the stock. <\/p>\n

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

MTNL\u2019s average correlation<\/a> of 0.58 with the Nifty<\/a> is positive and strong. The stock will replicate the movements of Nifty because of the co-efficient. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

MTNL has a historical volatility<\/a> in the range of 0.4 to 1.2. The scrip\u2019s volatility is currently towards the lower side of the range. <\/p>\n

Analysts have mixed expectations regarding this stock. Next set of earnings can help bring a different picture on the charts. <\/p>\n

Looking at these technicals a short-term buy<\/b> is suggested, but one should be cautious. The long-term trend-line is headed to the pits. <\/p>\n

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