ICICI Bank - Long - Monthly Time Frame
ICICI 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
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
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