{"id":249541,"date":"2012-12-07T10:41:34","date_gmt":"2012-12-07T05:11:34","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=249541"},"modified":"2012-12-07T10:41:35","modified_gmt":"2012-12-07T05:11:35","slug":"analysis-hcltech","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/07\/analysis-hcltech\/","title":{"rendered":"Analysis: HCLTECH"},"content":{"rendered":"

Today\u2019s pick is HCLTECH. [stockquote]HCLTECH[\/stockquote]. After being range-bound between 450 and 500 for the first half of the year, it broke-out in July, and has continued with the uptrend since. The stock just saw its 52 week high at 660 levels. In the last three months, the stock moved 8%<\/strong> against 13% rise of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 51 and 4 – in no man\u2019s land. <\/p>\n

The MACD<\/a> line just crossed signal line in a bearish<\/strong> manner which can pull the stock down for a short-term. Also, the short-term 9×4<\/strong> technical just saw a bearish<\/strong> cross over for the stock. <\/p>\n

The long-term GMMA<\/a> lines are well spread out, and hence are giving a positive<\/strong> outlook for the stock. <\/p>\n

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

HCLTECH\u2019s average correlation<\/a> of 0.49 with the Nifty<\/a> is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

HCLTECH 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 SELL<\/b>. A longer term call can be taken once it becomes clear that the stock holds the current trend-line. <\/p>\n

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