{"id":261693,"date":"2012-12-27T10:22:49","date_gmt":"2012-12-27T04:52:49","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=261693"},"modified":"2012-12-27T10:25:55","modified_gmt":"2012-12-27T04:55:55","slug":"analysis-atul","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/27\/analysis-atul\/","title":{"rendered":"Analysis: ATUL"},"content":{"rendered":"

Today\u2019s pick is ATUL [stockquote]ATUL[\/stockquote]. The stock has been on an up-trend ever since the start of the year. It just saw its 52-week high of Rs. 475 last week.The stock has a support near Rs. 400 levels. In the last three months, the stock has moved 26%<\/strong><\/b> vs. a meager 4% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are nearing towards the over-sold territory. Also, the stock is trading close to the lower Bollinger band and is hence a bullish sign. <\/p>\n

The MACD<\/a> line and the signal line are moving far from each other but not suggesting any direction. Long-term GMMA<\/a> lines are experiencing an expansion giving out an extremely bullish signal for the scrip. Short-term technical gave a 18×9 and 18×4 bearish signal<\/b> recently. <\/p>\n

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

ATUL\u2019s average correlation<\/a> with the Nifty<\/a> is 0.57 is positive and strong. The scrip will be replicating the movement of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

ATUL has a historical volatility<\/a> in the range of 0.4 to 0.9. The scrip\u2019s volatility currently is in the middle of the range. <\/p>\n

To conclude, given these technicals, the stock is a short-term HOLD<\/b>. For the long-term we suggest a BUY<\/strong> because of the strong underlying trend with a keen eye around the Rs. 400 levels. <\/p>\n

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