{"id":411551,"date":"2013-03-05T10:04:53","date_gmt":"2013-03-05T04:34:53","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=411551"},"modified":"2013-03-05T10:14:20","modified_gmt":"2013-03-05T04:44:20","slug":"analysis-concor","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/05\/analysis-concor\/","title":{"rendered":"Analysis: CONCOR"},"content":{"rendered":"

Today\u2019s pick is CONCOR [stockquote]CONCOR[\/stockquote]. The stock started the year with a double top around Rs. 950 levels and dropped to find support at Rs. 850. After trading for a while near its support, it started its uptrend to see its 52 weeks high of Rs. 1,100. This was followed by a drop to Rs. 900 levels by Feburary, and the stock currently is again on an up-move. In the last three months, the stock moved +15%<\/strong><\/b> Vs. -4% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are currently hovering close to over-bought territory. The stock is currently trading close to the upper edge of Bollinger band<\/a>s.<\/p>\n

The MACD<\/a> line and signal line are moving parallel to each other without giving trend reversal signal. Also, the Long-term and short-term GMMA<\/a> lines are spreading out and hence are pointing towards a continuation of up-move.<\/p>\n

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

CONCOR\u2019s average correlation<\/a> with the Nifty<\/a> is 0.45<\/b> which is positive<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

CONCOR has a historical volatility<\/a> in the range of 0.3 to 0.7. The scrip\u2019s volatility is currently in the upper end of the range.<\/p>\n

Given these technicals, we suggest a short-term\u00a0<\/strong>and a long-term BUY<\/b> is suggested given the underlying trend. It would be nice to have tight trailing stop-losses<\/a> to book profits in case of a sudden trend-reversal.<\/p>\n

\"\"<\/div>\n

<\/p>\n

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Open a StockViz Demat Account today!<\/a> <\/div>\n
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Today\u2019s pick is CONCOR [stockquote]CONCOR[\/stockquote]. The stock started the year with a double top around Rs. 950 levels and dropped to find support at Rs. 850. After trading for a while near its support, it started its uptrend to see its 52 weeks high of Rs. 1,100. This was followed by a drop to Rs. … <\/p>\n","protected":false},"author":4,"featured_media":411631,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[428,815],"class_list":["post-411551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-your-money","tag-concor","tag-technical-analysis","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/411551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=411551"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/411551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media\/411631"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=411551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=411551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=411551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}