{"id":262517,"date":"2012-12-28T10:50:20","date_gmt":"2012-12-28T05:20:20","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=262517"},"modified":"2012-12-28T10:55:13","modified_gmt":"2012-12-28T05:25:13","slug":"analysis-rajeshexpo","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2012\/12\/28\/analysis-rajeshexpo\/","title":{"rendered":"Analysis: RAJESHEXPO"},"content":{"rendered":"

Today\u2019s pick is RAJESHEXPO [stockquote]RAJESHEXPO[\/stockquote]. The stock has seen a couple of major corrections after trial flights during the year. The stock has got major support around Rs. 115 levels. Post October, the stock again started an up-move which was stopped around Rs. 150 levels a couple of days ago. This is going to act as a resistance for the near term. In the last three months, the stock has moved 18%<\/strong><\/b> vs. a meager 4% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are retreating from the over-bought territory. Also, the stock is trading close to the upper Bollinger band and is hence is short-term bearish sign. <\/p>\n

The MACD<\/a> line has just started a move down towards the signal line followed by the fall in the histogram levels suggesting a bearish move. However, Long-term GMMA<\/a> lines are experiencing an expansion giving out a bullish signal for the scrip. The candle-sticks produced a bearish engulfing<\/b> pattern just yesterday after a 5% fall in the scrip. <\/p>\n

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

RAJESHEXPO\u2019s average correlation<\/a> with the Nifty<\/a> is 0.44 is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

RAJESHEXPO has a historical volatility<\/a> in the range of 0.4 to 1.2. The scrip\u2019s volatility currently is in the lower end of the range. <\/p>\n

To conclude, given these technicals, the stock is a short-term SELL<\/b>. For the long-term we suggest a BUY<\/strong> because of the strong underlying trend with a keen eye around the resistance at Rs. 150 levels. <\/p>\n

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