{"id":267591,"date":"2013-01-04T10:36:44","date_gmt":"2013-01-04T05:06:44","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=267591"},"modified":"2013-01-04T10:40:12","modified_gmt":"2013-01-04T05:10:12","slug":"analysis-muthootfin","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/04\/analysis-muthootfin\/","title":{"rendered":"Analysis: MUTHOOTFIN"},"content":{"rendered":"

Today\u2019s pick is MUTHOOTFIN [stockquote]MUTHOOTFIN[\/stockquote]. The stock began 2012 with a small uptrend, which ended very quickly after seeing highs of Rs. 180. The downwards movement that followed lasted till September. The stock has since been on an up-trend and touched its 52-week high just yesterday. In the last three months, the stock has moved +26%<\/strong><\/b> vs. +5% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are closing towards the over-bought<\/strong> territory. The short-term technical flashed a 4×9 Bullish<\/b> cross-over for the scrip. <\/p>\n

The MACD<\/a> line has just penetrated the signal line from below to give out a bullish signal<\/b>. The long-term GMMA<\/a> lines are experiencing expansion which suggests an upward movement to the stock for a longer term horizon. <\/p>\n

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

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

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

MUTHOOTFIN has a historical volatility<\/a> in the range of 0.4 to 1.0. The scrip\u2019s volatility currently is in the middle of the range. <\/p>\n

Given these technicals, we suggest a short-term and a long-term BUY<\/b> for the scrip. With trailing stop-losses<\/a> in place traders can book profits if a trend-reversal were to take place. <\/p>\n

Disclaimer: The analyst holds this stock in his portfolio.<\/i> <\/p>\n

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