{"id":402441,"date":"2013-03-04T10:08:13","date_gmt":"2013-03-04T04:38:13","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=402441"},"modified":"2013-03-04T10:25:55","modified_gmt":"2013-03-04T04:55:55","slug":"analysis-tatamotors-ttm-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/04\/analysis-tatamotors-ttm-2\/","title":{"rendered":"Analysis: TATAMOTORS (TTM)"},"content":{"rendered":"

Today\u2019s pick is TATAMOTORS [stockquote]TATAMOTORS[\/stockquote]. The stock started the year by reaching the Rs. 320 levels, followed by a drop to Rs. 220 levels by the end of June. It underwent head-and-shoulder bottom formation by reaching to Rs. 200 levels, and then started its up-move. The stock saw its 52 weeks high of Rs. 337 in January and since has been on a fall. In the last three months, the stock moved +3%<\/strong><\/b> Vs. -4% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are in no man\u2019s land. The stock is currently trading close to the lower edge of Bollinger band<\/a>s. Short-term technicals saw 18×9 bearish<\/b> signal on Friday.<\/p>\n

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

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

TATAMOTORS\u2019s average correlation<\/a> with the Nifty<\/a> is 0.64<\/b> which is positive and strong<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]\u2018<\/p>\n

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

TATAMOTORS has a historical volatility<\/a> in the range of 1 to 5. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n

Here\u2019s what analysts have to say about the stock.<\/p>\n

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

Given these technicals, we suggest a short-term Sell. <\/b>A long-term call could be taken depending on stocks price action near the support level of Rs. 280 levels.<\/p>\n

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