{"id":253565,"date":"2012-12-13T10:15:33","date_gmt":"2012-12-13T04:45:33","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=253565"},"modified":"2012-12-13T10:15:34","modified_gmt":"2012-12-13T04:45:34","slug":"analysis-canbk","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/13\/analysis-canbk\/","title":{"rendered":"Analysis: CANBK"},"content":{"rendered":"

Today\u2019s pick is CANBK. [stockquote]CANBK[\/stockquote]. After an initial uptrend till Feb, the stock started a downward move till it saw a 52 week low around the Rs. 300 levels in Sep. However, September put a fire under the stock. In the last three months, the stock moved 48%<\/strong> against 10% rise of Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are at currently at 65 and 58 – 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 is headed towards the signal line and the decreasing histogram levels are suggesting a short-term bearish<\/b> move. <\/p>\n

The long-term GMMA<\/a> are fanning out to give a long-term bullish<\/strong> outlook for the stock. The short-term GMMA lines just saw a bearish<\/strong><\/font> signal because of the lines cross-over. <\/p>\n

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

CANBK\u2019s average correlation<\/a> of 0.63 with the Nifty<\/a> is positive and strong. The stock will be replicating the movements of Nifty given such a co-efficient. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

CANBK has a historical volatility<\/a> in the range of 0.3 to 0.9. The scrip\u2019s volatility is in the middle range. <\/p>\n

Looking at these technicals the stock is short-term SELL<\/b>. For the long-term the stock has a clear green signal for the up moves if it holds onto the current trend-line. <\/p>\n

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