{"id":258626,"date":"2012-12-21T11:03:22","date_gmt":"2012-12-21T05:33:22","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=258626"},"modified":"2012-12-21T11:06:23","modified_gmt":"2012-12-21T05:36:23","slug":"analysis-coalindia","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/21\/analysis-coalindia\/","title":{"rendered":"Analysis: COALINDIA"},"content":{"rendered":"

Today\u2019s pick is COALINDIA [stockquote]COALINDIA[\/stockquote]. The stock had a real good start of the year with an uptrend till May, but it could not sustain the momentum and crashed to its support levels at Rs. 300. The stock has been in an uptrend since June, touching its 52 week high around Rs. 380. In the last three months, the stock has moved – 4%<\/strong><\/b> vs. 5% of the Nifty\u2019s. <\/p>\n

\"COALINDIA<\/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 seeing a constrained movement leading to an indecisive future for the stock. Short-term technical gave an 18×9 bearish signal<\/b> for the stock last week. <\/p>\n

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

COALINDIA\u2019s average correlation<\/a> with the Nifty<\/a> is zero. The scrip will be not be replicating the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

COALINDIA has a historical volatility<\/a> in the range of 0.3 to 0.9. 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>. However, given the current up-trend in the progress, the scrip is a long term BUY <\/b>with a resistance level close to Rs. 380. <\/p>\n

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