{"id":247423,"date":"2012-12-05T09:56:15","date_gmt":"2012-12-05T04:26:15","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=247423"},"modified":"2012-12-05T09:56:15","modified_gmt":"2012-12-05T04:26:15","slug":"analysis-ranbaxy","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/05\/analysis-ranbaxy\/","title":{"rendered":"Analysis: RANBAXY"},"content":{"rendered":"

Today\u2019s pick is RANBAXY. [stockquote]RANBAXY[\/stockquote]. The stock was in a constant uptrend since March. However, a couple of weeks ago it exhibited a double top, and closed down below the existing trend line, suggesting a stop of the trend. In the last three months, the stock is down -6%<\/font><\/strong> against 11% rise of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 46 and -21 are close to the over-sold territory, but are not directing the stock upwards. <\/p>\n

MACD<\/a> line and signal line are moving parallel to each other and are not suggesting any direction for the stock. <\/p>\n

The long-term and short-term GMMA<\/a> lines are running very close to each and hence are of not much use currently in suggesting any particular direction. <\/p>\n

Short-term technical just saw a 4X9 bullish<\/b> cross over for the stock. <\/p>\n

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

RANBAXY\u2019s average correlation<\/a> of 0.42 with the Nifty<\/a> is positive. The stock will not replicate the movements of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

RANBAXY has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility is currently in the lower side of the range. <\/p>\n

Looking at these technicals the stock is short-term buy. <\/b>A medium term hold is suggested because of the direction-less movement of the stock. A longer term call could be taken based on the stocks behavior around the base of the last double top (which will be acting as a resistance level). <\/p>\n

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