{"id":290750,"date":"2013-02-07T11:21:25","date_gmt":"2013-02-07T05:51:25","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=290750"},"modified":"2013-02-07T11:30:47","modified_gmt":"2013-02-07T06:00:47","slug":"analysis-idea","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/02\/07\/analysis-idea\/","title":{"rendered":"Analysis: IDEA"},"content":{"rendered":"

Today\u2019s next pick is IDEA [stockquote]IDEA[\/stockquote]. The stock saw a range bound movement till April. After a downward break out of the range, the stock moved to Rs. 75 levels to find support till September. Since then the stock is in an uptrend, and it saw a 52 week high of Rs. 123 in mid-January. In the last three months, the stock has moved +20%<\/strong><\/b> vs. +4% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are in no-man\u2019s land. The stock is trading close to the lower end of Bollinger band<\/a> giving an upward<\/b> bias.<\/p>\n

The MACD<\/a> line and the signal line are moving parallel to each other and suggest the short \u2013term downtrend to continue<\/b>. Although, Long-term GMMA<\/a> lines are well spread out, and hence are giving a bullish <\/b>sign for the long-term.<\/p>\n

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

IDEA\u2019s average correlation<\/a> with the Nifty<\/a> is 0.41 which is positive<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

IDEA has a historical volatility<\/a> in the range of 0.4 to 0.8. The scrip\u2019s volatility is currently in the middle of the range.<\/p>\n

Given these technicals, we suggest a short-term sell<\/strong>. For the long-term, we suggest a buy<\/strong>. However trailing stop-losses<\/a> will be of help 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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