{"id":290734,"date":"2013-02-07T10:38:39","date_gmt":"2013-02-07T05:08:39","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=290734"},"modified":"2013-02-07T10:45:59","modified_gmt":"2013-02-07T05:15:59","slug":"analysis-bhartiartl-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/02\/07\/analysis-bhartiartl-2\/","title":{"rendered":"Analysis: BHARTIARTL"},"content":{"rendered":"

Today\u2019s pick is BHARTIARTL [stockquote]BHARTIARTL[\/stockquote]. The stock started the year with a down-trend, that lasted until September, where it got support at Rs. 250 levels. Since then it has been on an uptrend and it saw a 52 week high of Rs. 370 in mid-January. In the last three months, the stock has moved +20%<\/strong><\/b> vs. +4% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are nearing the over-sold territory. The stock is trading close to the lower end of Bollinger band<\/a> giving an upward<\/b> bias. Short-term technical just saw a 18×9 bearish<\/b> cross-over.<\/p>\n

The MACD<\/a> line and the signal line are moving away from each other and suggest the short \u2013term downtrend to continue<\/b>. Also, both long-term and short-term GMMA<\/a> lines are very close to each other not giving any long-term direction to the stock.<\/p>\n

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

BHARTIARTL\u2019s average correlation<\/a> with the Nifty<\/a> is 0.49 which is positive<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

BHARTIARTL has a historical volatility<\/a> in the range of 0.4 to 0.7. The scrip\u2019s volatility is currently in the middle of the range.<\/p>\n

Given these technicals, we suggest a short-term sell<\/b>. For the long-term, we will have to wait and watch how the GMMA lines unravel themselves and a bullish call<\/strong> can be made if it holds the current trendline. However, we suggest having trailing stop-losses<\/a> in case sudden trend-reversal were to take place.<\/p>\n

Read what experts have to say about the Indian telecom sector here<\/a>.<\/p>\n

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