{"id":265470,"date":"2013-01-02T10:33:13","date_gmt":"2013-01-02T05:03:13","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=265470"},"modified":"2013-01-02T10:35:52","modified_gmt":"2013-01-02T05:05:52","slug":"analysis-maruti-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/02\/analysis-maruti-2\/","title":{"rendered":"Analysis: MARUTI"},"content":{"rendered":"

Today\u2019s pick is MARUTI [stockquote]MARUTI[\/stockquote]. The stock began 2012 with an uptrend, which ended around mid-April after a series of resistance around Rs. 1,400 levels. This was then followed by a correction to Rs. 1,100 levels till August. The stock has since been on an up-trend and has undergone a flag formation around its 52-week high levels of Rs. 1,539 since the last 6 weeks. In the last three months, the stock has moved +10%<\/strong><\/b> vs. +5% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are in no-man\u2019s land. Also, the short-term technical flashed a 4×18 Bullish<\/b> cross-over for the scrip yesterday. <\/p>\n

The MACD<\/a> line and the signal line have been moving close to each other, accompanied with the stable histogram levels. Also, long-term GMMA<\/a> lines are experiencing a contraction which does not suggest any direction to the stock in the near term. <\/p>\n

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

MARUTI\u2019s average correlation<\/a> with the Nifty<\/a> is 0.47 is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

MARUTI has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility currently is in the lowest part of the range. <\/p>\n

To conclude, the stock is undergoing a consolidation phase, and given these technicals, a short-term HOLD<\/b> is suggested. The long-term direction would be decided based on the bearish or bullish breakout of the current flag. <\/p>\n

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