{"id":257837,"date":"2012-12-20T10:09:23","date_gmt":"2012-12-20T04:39:23","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=257837"},"modified":"2012-12-20T10:12:49","modified_gmt":"2012-12-20T04:42:49","slug":"analysis-marico","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/20\/analysis-marico\/","title":{"rendered":"Analysis: MARICO"},"content":{"rendered":"

Today\u2019s pick is MARICO [stockquote]MARICO[\/stockquote]. The stock has been in an uptrend since the very beginning of the year. It touched the 52 week high of Rs. 232 a couple of weeks ago, and is still continuing in the upwards direction. In the last three months, the stock is up 15%<\/strong><\/b> vs. 5% of the Nifty\u2019s. <\/p>\n

\"MARICO<\/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. Both long-term and short-term GMMA<\/a> lines are well dispersed giving a very prominent bullish signal for the stock. Short-term technical gave a 4×9 bullish signal<\/b> for the stock last week. <\/p>\n

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

MARICO\u2019s average correlation<\/a> of 0.35 with the Nifty<\/a> is positive. The stock will replicate the movements of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

MARICO has a historical volatility<\/a> in the range of 0.4 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 BUY<\/b>. Following the current trend in the progress, the scrip is also a long term<\/strong> BUY<\/b>. <\/p>\n

Disclaimer: The author has a long position in this stock<\/em><\/p>\n

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