{"id":422801,"date":"2013-03-06T10:27:34","date_gmt":"2013-03-06T04:57:34","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=422801"},"modified":"2013-03-06T10:39:09","modified_gmt":"2013-03-06T05:09:09","slug":"analysis-boschltd","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/06\/analysis-boschltd\/","title":{"rendered":"Analysis: BOSCHLTD"},"content":{"rendered":"

Today\u2019s pick is BOSCHLTD [stockquote]BOSCHLTD[\/stockquote]. The stock started the year with a double bottom around Rs. 7,500 levels and started its up-move. After moving in a range till September, it saw a bullish breakout to reach 52 weeks high of Rs. 9,600 level in January. Since then the stock is on a down-turn and was trading around its support levels of Rs. 8,400 yesterday. In the last three months, the stock moved -9%<\/strong><\/b> Vs. -3% of the Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are currently hovering deep inside the over-sold territory, giving out a bullish<\/b> signal for the scrip. close to over-bought territory. The stock is currently trading at the lower edge of a broad Bollinger band<\/a>s.<\/p>\n

The MACD<\/a> line and signal line are moving parallel to each other without giving any trend reversal signal. Also, the Long-term GMMA<\/a> lines are contracted and hence are not suggesting any immediate opportunities.<\/p>\n

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

BOSCHLTD\u2019s average correlation<\/a> with the Nifty<\/a> is 0.01<\/b> which is positive but weak<\/b>. The scrip will not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

BOSCHLTD has a historical volatility<\/a> in the range of 0.2 to 0.6. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n

Given these technicals, we suggest a short-term Buy. <\/b>A long-term BUY<\/b> is suggested if the stock holds this support level. It is suggested to have tight trailing stop-losses<\/a> to book profits in case of a sudden trend-reversal.<\/p>\n

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