{"id":292621,"date":"2013-02-13T11:11:51","date_gmt":"2013-02-13T05:41:51","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=292621"},"modified":"2013-02-13T11:27:38","modified_gmt":"2013-02-13T05:57:38","slug":"analysis-relinfra","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/02\/13\/analysis-relinfra\/","title":{"rendered":"Analysis: RELINFRA"},"content":{"rendered":"

Today\u2019s pick is RELINFRA [stockquote]RELINFRA[\/stockquote]. The stock started the year with a double top around Rs 650 levels, and then moved down to find support around Rs. 430 levels. Since then the stock has been under a pennant formation, currently narrowing down. In the last three months, the stock has moved +7%<\/strong><\/b> vs. +6% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are close to the over-sold territory. The stock is trading in the lower end of Bollinger band<\/a> giving an upward <\/b>bias.<\/p>\n

The MACD<\/a> line is closing and the signal line are moving parallel to each other, unable to give any outlook. Also, Long-term and short-term GMMA<\/a> lines are running close to each other and are not giving out any directional <\/b>bias.<\/p>\n

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

RELINFRA\u2019s average correlation<\/a> with the Nifty<\/a> is -0.1<\/b> which is negative<\/b>. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

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

Given these technicals, we suggest a short-term sell<\/b>. For the long-term we suggest to watch<\/strong> out for a directional break-out of the pennant to make any call.<\/p>\n

Related articles<\/h6>\n