{"id":397191,"date":"2013-03-01T14:07:20","date_gmt":"2013-03-01T08:37:20","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=397191"},"modified":"2013-03-01T14:13:38","modified_gmt":"2013-03-01T08:43:38","slug":"analysis-atfl","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/01\/analysis-atfl\/","title":{"rendered":"Analysis: ATFL"},"content":{"rendered":"

Today\u2019s pick is ATFL [stockquote]ATFL[\/stockquote]. The stock started the year with a run up to Rs. 510 levels, but was struck by double top around the levels to drop to Rs. 400 by the middle of October. Since then the stock has been on an uptrend reaching its 52 weeks high of Rs. 536 in January through February. This level has been acting as a dreaded resistance for the last few months. In the last three months, the stock moved +3%<\/strong><\/b> Vs. -4% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are drifting towards over-sold bounds. The stock is currently trading close to the lower edge of Bollinger band<\/a>s. Short-term technical saw a 18×4 and 9×4 bearish<\/b> signal a couple of days ago.<\/p>\n

The MACD<\/a> line and signal line are moving parallel to each other without giving any directional bias. Although, the Long-term GMMA<\/a> lines are currently expanding, the short-term lines are giving a negative outlook for the stock.<\/p>\n

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

ATFL\u2019s average correlation<\/a> with the Nifty<\/a> is 0.30<\/b> which is positive but weak<\/b>. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

ATFL has a historical volatility<\/a> in the range of 0.3 to 0.8. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n

Globe capital\u2019s has a buy call<\/a><\/strong> based on fundamentals:<\/p>\n