{"id":270537,"date":"2013-01-09T11:23:08","date_gmt":"2013-01-09T05:53:08","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=270537"},"modified":"2013-01-09T11:29:32","modified_gmt":"2013-01-09T05:59:32","slug":"analysis-hindunilvr","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/09\/analysis-hindunilvr\/","title":{"rendered":"Analysis: HINDUNILVR"},"content":{"rendered":"

Today\u2019s pick is HINDUNILVR [stockquote]HINDUNILVR[\/stockquote]. The stock has been on an uptrend through-out the year. The stock experienced its 52-week high of Rs. 580 in mid-October and then corrected itself to find support at Rs. 525. Since then the stock is undergoing a pennant formation. In the last three months, the stock has moved -6%<\/strong><\/font> vs. +3% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are in no man\u2019s land unable to give any directional suggestion. Short-term technical just saw a 9×18 bullish<\/b> cross-over. <\/p>\n

The MACD<\/a> line is moving close to the signal line and the dropping histogram levels are suggesting an imminent bearish crossover <\/b>for the line. The long-term and short-term GMMA<\/a> lines are very constrained and hence are not suggesting any direction to the scrip. <\/p>\n

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

<\/b> <\/p>\n

HINDUNILVR\u2019s average correlation<\/a> with the Nifty<\/a> is 0.23<\/strong>, which is positive. The scrip will be replicating the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

HINDUNILVR has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility currently is in the lower end of the range. <\/p>\n

Given these technicals, we suggest a short-term and a long-term watch<\/b> for the script. The investor is advised to be on a lookout for a decisive breakout of the pennant in either direction to make any directional call. <\/p>\n

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