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ICICI Bank - Long - Monthly Time FrameICICI Bank 26.2.2017 Buy Stop order Trade Entry: Market: BSE Stock: ICICIBANK Long/Short: Long Current Price: 285.25 Entry Price: 301.40 Time Frame: Monthly Type of Trade: Long Term Trade Reason For Trade: Stock is in an uptrend In the month of January 2017 Stock has bounced from 50 SMA RSI has bounced from 20 SMA and RSI is above 50 at around 55 RSI has bounced off from bottom trednline RSI is far from its top trendline. RSI will bounce back from its top trednline because it is a strong trendline. Need to sell the Stock when RSI hits the top trendline and then buy the stock on a later date again MACAD cross over just below zero line has happened in previous months. MACAD Histogram is moving toward top from 0 zero line Good Risk Reward Ratio Market Cap.: ₹ 1,65,654.10 Cr. Current Price: ₹ 284.50 Book Value: ₹ 162.62 Stock P/E: 15.93 Dividend Yield: 1.76% Face Value: ₹ 2.0 Quick ratio: 5.81 Stop: 278.05 Target: 355.40 Pluses: CMP / BV: 1.75 which is good Cash flow has increased considerably in March 2016 Stock is in uptrend Compounded Sales Growth: 10 Years:10.2% 5 Years:15.22% 3 Years:9.58% TTM:3.99% Compounded Profit Growth: 10 Years:13.84% 5 Years:13.64% 3 Years:5.38% TTM:-29.03% Return on Equity: 10 Years:11.4% 5 Years:12.9% 3 Years:13.28% TTM:11.61% Minuses: Potential problems with the trade QoQ Profits: -21.29% - The company has been maintaining a healthy dividend payout of 27.55% - Company has low-interest coverage ratio. - The company has a low return on equity of 13.28% for last 3 years. - Contingent liabilities of Rs.922453.51 Cr. - Company might be capitalizing the interest cost - Earnings include other income of Rs.21596.18 Cr. Dec 2016 Net profit is less than Sep 2016 profit Trailing Twelve Months (TTM) as on Jan 2017 is lesser than March 2016 Brief Summary of emotions: Confident because of the setup and because of the brand
BSE:ICICIBANKLong
by imdbeststocktrader
ICICI pru good rounding bottomIciciPru good rounding bottom & 3 years breakout. Keep in radar. Targets are big, gradually till 1040 levels. 725-750 is good accumulation zone. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:ICICIPRULILong
by ashishhc
ICICIpru is bullish target 671- 720ICICI Prudential Life Insurance Company Ltd. seems to be bullish with for a Target of 671 to 724 and Support at 540-558 1. RSI on Daily Weekly and Monthly time above 60 2. Price Above 20 SMA on daily / Weekly/ Monthly Charts 3. ABCD Pattern under formation 4. Price walking on upper Bollinger Bands 5. Narrowing Bollinger Bands Disclaimer: I am not an expert I just share interesting charts here, Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:ICICIPRULILong
by purisonshuf
ICICIGI |Retest resistance|Flag pattern |Investment opportunity ICICI lombard general insurance has formed a flag pattern. Key points : 1. Stock has retested long time multiple resistance of 1397 and has started to give upmove. 2. About to give a breakout for the bullish flag pattern. Caution : Entry to be taken alongwith volume confirmation. Note : This is an analysis done based on personal knowledge for knowledge sharing. And not any sort of recommendation, please consult your financial advisor
NSE:ICICIGILong
by ankitstockmarket7
Capitalizing on Relative Weakness: Short ICICIBANK Long Nifty 50Introduction: In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up aims to provide an analysis of ICICIBANK's current trend, its ratio to Nifty 50, and how traders can profit from this relative weakness. Section 1: Understanding the Ratio Chart To gain further insights into ICICIBANK's relative performance, let's examine the ICICIBANK/Nifty 50 ratio chart. This ratio chart compares the price performance of ICICIBANK to that of the Nifty 50 index. By analyzing this chart, we can assess ICICIBANK's strength or weakness relative to the broader market. The ratio chart reveals a broadening wedge pattern breakdown. This breakdown suggests a bearish outlook for ICICIBANK, indicating a potential continuation of its underperformance against Nifty 50. Additionally, the ratio has been consistently trending within a downtrend channel, emphasizing ICICIBANK's persistent weakness compared to the broader market. Section 2: Pair Trade Strategy Based on the technical analysis of ICICIBANK and the ICICIBANK/Nifty 50 ratio, a pair trade strategy can be implemented to capitalize on ICICIBANK's relative weakness. The pair trade strategy involves simultaneously shorting ICICIBANK and going long on Nifty 50. By shorting ICICIBANK, traders can profit from its anticipated further decline, while being long on Nifty 50 allows them to participate in the potential upside of the broader market. It is crucial to effectively manage risk when implementing this pair trade strategy. Setting appropriate stop-loss levels based on ICICIBANK's volatility and the overall market conditions is essential. Additionally, continuous monitoring of the ICICIBANK/Nifty 50 ratio is necessary to assess any changes in relative performance and adjust positions accordingly. Conclusion: The current technical analysis of ICICIBANK, along with its ratio to Nifty 50, suggests a bearish outlook for the stock. Traders can consider implementing a pair trade strategy by shorting ICICIBANK and going long on Nifty 50, capitalizing on the relative weakness of ICICIBANK compared to the broader market. One has to closely track the above ratio chart for the stop and target level for the pair trade
NSE:ICICIBANKShort
by T_Harth