{"id":260920,"date":"2012-12-26T11:45:33","date_gmt":"2012-12-26T06:15:33","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=260920"},"modified":"2012-12-26T11:51:32","modified_gmt":"2012-12-26T06:21:32","slug":"analysis-mphasis","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/26\/analysis-mphasis\/","title":{"rendered":"Analysis: MPHASIS"},"content":{"rendered":"

Today\u2019s pick is MPHASIS [stockquote]MPHASIS[\/stockquote]. The stock had a real good start of the year with an uptrend till April, but it could not sustain the momentum and crashed to its trend-line to find support. Since then it has been in an up-trend finding constant support in the trend-line until recently, where it closed below the trend-line. In the last three months, the stock has moved – 6%<\/strong><\/b> vs. 5% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are nearing over-sold territory. <\/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 a 4×9 bullish signal<\/b> for the stock last week. <\/p>\n

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

MPHASIS\u2019s average correlation<\/a> with the Nifty<\/a> is 0.30. The scrip will be not be replicating the movement of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

MPHASIS has a historical volatility<\/a> in the range of 0.4 to 1.4. The scrip\u2019s volatility currently is in the lower part of the range. <\/p>\n

To conclude, given these technicals, the stock is a short-term HOLD<\/b>. For the long-term we will take a stand based on how the long-term GMMA lines unravel themselves. <\/p>\n

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