Category: Your Money

Analysis: ICICIBANK (IBN)

Today’s pick is ICICIBANK [stockquote]ICICIBANK[/stockquote]. The stock started the year with an uptrend to see Rs. 1,000 levels in February, but lost its mojo to find support at Rs. 800 levels by June. Since then the stock again started its up-move and saw its 52 weeks high of Rs. 1,200 a couple of weeks ago. In the last three months, the stock has moved +12% vs. +7% of the Nifty’s.

ICICIBANK technical analysis chart

Oscillators RSI and CMO are hovering in no man’s land and hence are not suggesting any direction. The stock is trading in the middle of its Bollinger band. Short-term technical just saw 18×4 and 18×9 bearish cross-over.

The MACD line and signal line are moving away from each other and unable to suggest any short-term direction. Long-term GMMA lines are moving away from each other and hence are giving a bullish bias for the stock.

ICICIBANK correlation chart

ICICIBANK’s average correlation with the Nifty is 0.82 which is positive and very strong. The scrip will be closely replicating movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

ICICIBANK volatility chart

ICICIBANK has a historical volatility in the range of 0.3 to 0.8. The scrip’s volatility is currently in the lower end of the range.

It appears that only one bulge-bracket analyst (Credit Suisse) is covering this stock and has an “out-perform” on it.

Given these technicals, we suggest a short-term Watch. A longer term call could be taken based on the directional break-out of the flag under formation.

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags ,

The StockViz Reference Portfolio – Jan/25

996B5E5E-DA3B-40BF-9651-EE5C62E00933.201301251833

 

It was a poor week for our portfolio.

When the NIFTY went up +0.15% our portfolio was down 6.7%. We had a lot of real estate scrips with us over the week, and because of the sector-rotation that happened, huge number of stocks were stop-lossed.

Although,  we are still pretty confident about the portfolio and we remain focused on our approach:

  1. Systematic
  2. Repeatable
  3. Testable, and
  4. Risk-managed

Talk to us about our Quantitative Portfolio Strategy Execution.

call us qr code
Categories Tags

Analysis: WHIRLPOOL

Today’s pick is WHIRLPOOL [stockquote]WHIRLPOOL[/stockquote]. The stock started has been on an uptrend since the beginning of the year and experienced the 52 weeks high of Rs. 290 in December. However currently it is undergoing a double top formation, a few more close below Rs. 265 levels will confirm the same. In the last three months, the stock has moved +1% vs. +6% of the Nifty’s.

WHIRLPOOL technical analysis chart

Oscillators RSI and CMO are hovering close to the over-sold territory but are not suggesting any direction. The stock is below the lower Bollinger band, which is bullish for the stock.

The MACD line and signal line are moving away from each other and unable to suggest any short-term direction. Long-term and short-term GMMA lines are moving very close to each other and are unable to point towards any direction for the scrip.

WHIRLPOOL correlation chart

WHIRLPOOL’s average correlation with the Nifty is Zero. The scrip will be moving independent of the movement of Nifty. [stockquote]NIFTYBEES[/stockquote]

WHIRLPOOL volatility chart

WHIRLPOOL has a historical volatility in the range of 0.4 to 1.0. The scrip’s volatility is currently in the lower end of the range.

Given these technicals, we suggest a short-term Sell. A longer term call could be taken if the stock is able to penetrate through the Rs. 290 resistance.

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags ,

Preetam’s List

Market Roundup: Dow +0.33% to 13825. S&P flat. Gold -0.04% to $1667. London+1.09%. Germany +0.53%. France +0.70%.

BSE Ltd will float its initial public offer (IPO) in the first quarter of fiscal 2014 through the offer-for-sale (OFS) route. “If the company at is valued at Rs.4,000 crore, the exchange will dilute only 10% to raise Rs.400 crore through the IPO, but if the valuation is lower, 25% stake of the existing shareholders could be sold through the IPO. (MINT)

SKS Microfinance Ltd, [stockquote]SKSMICRO[/stockquote] India’s only listed micro lender, ended a seven-quarter loss-making streak on Thursday by posting a small profit for the three months ended 31 December, helped by higher loan demand in markets outside of Andhra Pradesh and significant cost cuts. (Businessline)

Jaguar Land Rover Ltd (JLR) negative announcements regarding lower profitability, increased capital expenditure and the consequent negative free cash flows led to a dramatic fall of TATA MOTORS Ltd. [stockquote]TATAMOTORS[/stockquote] , [stockquote]TATAMTRDVR[/stockquote]. JLR accounts for around 90% of net profit and 75% of net sales. (MINT)

Natural decline in output from some of the natural gas producing fields coupled with continued fall in output from the country’s largest fields saw the domestic production fall for the 25th straight month in December. To meet the growing petroleum product demand and no significant increase in indigenous output, the domestic refiners were compelled to import more crude oil in December year-on-year. [stockquote]RELIANCE[/stockquote],[stockquote]GAIL[/stockquote],[stockquote]PETRONET[/stockquote]. (Businessline)

An unlikely partnership between profitable FMCG companies like Hindustan Unilevert[stockquote]HINDUNILVR[/stockquote] and Dabur [stockquote]DABUR[/stockquote] and penniless rag-pickers is now offering a hint of a fix to India’s 12,000 tonnes a day plastic junk pile-up. A new way of CSR? (ET)

Happy weekend!!

Related articles
Enhanced by Zemanta

call us qr code
Categories Tags