{"id":333801,"date":"2013-02-25T10:09:38","date_gmt":"2013-02-25T04:39:38","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=333801"},"modified":"2013-02-25T10:21:33","modified_gmt":"2013-02-25T04:51:33","slug":"analysis-tatacomm-tcl-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/02\/25\/analysis-tatacomm-tcl-2\/","title":{"rendered":"Analysis: TATACOMM (TCL)"},"content":{"rendered":"

Today\u2019s pick is TATACOMM [stockquote]TATACOMM[\/stockquote]. The stock has been range-bound between Rs. 220 and Rs. 260 for most part of the year. There is a secondary support at Rs. 200 levels. The stock is again headed towards the lower end of the range. In the last three months, the stock has moved -4.1%<\/strong><\/b> vs. a flat Nifty.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are in no man\u2019s land. The stock is trading in the middle of Bollinger band<\/a> not giving any short-term directional <\/b>bias. Short-term technicals saw a 9×18 bullish<\/b> cross-over.<\/p>\n

The MACD<\/a> line and signal line are moving very close to each other without giving any directional bias. Also, Long-term and short-term GMMA<\/a> lines can be seen contracting, unable to give any direction to the stock.<\/p>\n

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

TATACOMM\u2019s average correlation<\/a> with the Nifty<\/a> is -0.11<\/b> which is negative<\/b>. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

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

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

Analysts continue to have an underperform rating for the stock.<\/p>\n

Given these technicals, we suggest a short-term hold<\/b>. For the long-term a call can be taken once this Rs. 220 \u2013 Rs. 260 range is broken in either direction. However trailing stop-losses<\/a> will be of help in case sudden trend-reversal were to take place.<\/p>\n

Related articles<\/h6>\n