{"id":276205,"date":"2013-01-17T10:56:13","date_gmt":"2013-01-17T05:26:13","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=276205"},"modified":"2013-01-17T11:03:26","modified_gmt":"2013-01-17T05:33:26","slug":"analysis-tatacoffee","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/17\/analysis-tatacoffee\/","title":{"rendered":"Analysis: TATACOFFEE"},"content":{"rendered":"

Today\u2019s pick is TATACOFFEE [stockquote]TATACOFFEE[\/stockquote]. The stock has been on an up-move since the beginning of last year and it still continues. It just saw its 52-week\u2019s high level of Rs. 1,673 a week ago. In the last three months, the stock has moved an astonishing +54%<\/strong><\/b> vs. +6% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are currently in no man\u2019s land but are seeing a bearish<\/b> divergence with the price action. Short-term technical just saw a 9×4 bearish <\/b>cross-over. <\/p>\n

The MACD<\/a> line has just penetrated the signal line in a bearish<\/b> move for the stock. Long-term GMMA<\/a> lines are well dispersed out, suggesting a bullish outlook<\/b> for the scrip for longer term. However, short-term GMMA lines are starting to move towards each other giving a bearish<\/b> outlook for the short term. <\/p>\n

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

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

TATACOFFEE\u2019s average correlation<\/a> with the Nifty<\/a> is 0.56 is positive <\/strong>and <\/strong>strong<\/strong>. The scrip will be replicating the movement of Nifty closely. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

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

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

Given these technicals, we suggest a short-term Hold. <\/b>Looking at the well dispersed GMMA lines and the long-term trend in place we suggest a <\/b>long-term Buy<\/b> for the script. . It will be beneficial to have trailing stop-losses<\/a> in place, in order to book profits if a trend-reversal were to take place. <\/p>\n

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