{"id":257088,"date":"2012-12-19T10:04:50","date_gmt":"2012-12-19T04:34:50","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=257088"},"modified":"2012-12-19T10:08:57","modified_gmt":"2012-12-19T04:38:57","slug":"analysis-ambujacem","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/19\/analysis-ambujacem\/","title":{"rendered":"Analysis: AMBUJACEM"},"content":{"rendered":"

Today\u2019s pick is AMBUJACEM [stockquote]AMBUJACEM[\/stockquote]. The stock started an uptrend in June, after a range-bound start for the year. After reaching its 52 week high of Rs. 223\/- in October, the stock has been under a pennant formation. In the last three months, the stock is up 8%<\/strong><\/b> vs. 7% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are in no man\u2019s land suggesting no direction for the stock. <\/p>\n

The MACD<\/a> line and the signal line are moving close to each other – directionless. Also, both long-term and short-term GMMA<\/a> lines are too constricted to give any signal. Short-term technical gave a 18×4 bearish signal<\/b> for the stock yesterday. <\/p>\n

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

AMBUJACEM\u2019s average correlation<\/a> of 0.52 with the Nifty<\/a> is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

AMBUJACEM has a historical volatility<\/a> in the range of 0.3 to 0.8. The scrip\u2019s volatility currently is in the lower range. <\/p>\n

To conclude, given these technicals, the stock is a short-term HOLD<\/b>. For the long-term a directional bet could be made once we see a break-out of the pennant so we suggest a long-term HOLD<\/strong>. <\/p>\n

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