{"id":251879,"date":"2012-12-11T10:57:28","date_gmt":"2012-12-11T05:27:28","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=251879"},"modified":"2012-12-11T10:57:29","modified_gmt":"2012-12-11T05:27:29","slug":"analysis-lupin","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/11\/analysis-lupin\/","title":{"rendered":"Analysis: LUPIN"},"content":{"rendered":"

Today\u2019s pick is LUPIN. [stockquote]LUPIN[\/stockquote]. The stock has been in an uptrend through-out the past year. It recorded its 52 week high of Rs. 631 in the month of Sep following which it started moving in a range of Rs. 550 \u2013 Rs. 600.The stock closed above this range yesterday. In the last three months, the stock moved -3%<\/font><\/strong> against 11% rise of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 66 and 56 – in the over-bought<\/strong> territory. Although looking at the historical reversal levels, the stock still has to track 10 points. <\/p>\n

The MACD<\/a> line in on up-move and is supported by the rising histograms, a sign of bullishness<\/strong> for the scrip. <\/p>\n

The long-term GMMA<\/a> lines are starting to spread out (a bullish sign) accompanied with the expanding short-term lines, suggesting a short-term bullish<\/strong> move for the stock. This is further confirmed by the 9×18 bullish<\/strong> cross-over last week. <\/p>\n

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

LUPIN\u2019s average correlation<\/a> of 0.30 with the Nifty<\/a> is positive. Although, the stock will not be replicating the movements of Nifty given the small co-efficient. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

LUPIN has a historical volatility<\/a> in the range of 0.3 to 0.6. The scrip\u2019s volatility is at its lowest. <\/p>\n

Looking at these technicals the stock is short-term BUY<\/b>. We could give a long-term call after a decisive expansion of the long-term GMMA lines. <\/p>\n

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