{"id":697381,"date":"2013-03-21T10:08:27","date_gmt":"2013-03-21T04:38:27","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=697381"},"modified":"2013-03-21T10:17:07","modified_gmt":"2013-03-21T04:47:07","slug":"analysis-pantaloonr-2","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/21\/analysis-pantaloonr-2\/","title":{"rendered":"Analysis: PANTALOONR"},"content":{"rendered":"

Today\u2019s pick is PANTALOONR [stockquote]PANTALOONR[\/stockquote]. The stock was trading in between Rs. 150 \u2013 Rs. 200 for most part of the year. It saw a bullish breakout of the range in November. The stock saw its 52 week\u2019s high of Rs. 276 in January, and since then it is on a downtrend. In the last three months, the stock moved -32%<\/strong><\/b> vs. -4% of Nifty\u2019s.<\/p>\n

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

Oscillator RSI<\/a> and CMO<\/a> are in the over-sold territory. The stock is currently trading in the lower range of the Bollinger band<\/a>s. Short-term technical saw a 9X4 bearish<\/b> cross-over a few days ago.<\/p>\n

The MACD<\/a> line and signal line are very close to each other and are not suggesting any direction. Also, the Long-term and short-term GMMA<\/a> lines are inverted in a bearish move.<\/p>\n

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

PANTALOONR\u2019s average correlation<\/a> with the Nifty<\/a> is 0.60,<\/b> which is positive and strong<\/b>. The scrip will be closely replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

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

PANTALOONR has a historical volatility<\/a> in the narrow range of 0.6 to 1.6. The scrip\u2019s volatility is currently in the lower end of the range.<\/p>\n

Given the technicals, we suggest a short-term buy<\/b>. A long-term call could be taken depending on the directional move of the GMMA lines and price action near the support levels. Also, it is advisable to have a relaxed trailing stop-losses<\/a> level to book profits in case of a trend-reversal.<\/p>\n

For a better picture of the Retail sector as a whole, you can look at what the expert has to say here<\/a>.<\/p>\n

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