Stocks on the move

December 30, 2014

Product
highlights
Deal Team
At

Your Service

The key objective of this product is to provide multiple actionable stock ideas providing
decent return potential from a medium term perspective. The report would highlight
interesting chart patterns using various technical parameters. Consequently, we would
formulate requisite trading strategies to ride the possible future price action

Return objective 10% to 20%

Time horizon 3 months

Frequency of report Based on opportunity and suitable risk/reward ratio

IFB
Industries
Resolving
out of bullish continuation flag pattern
Deal
Team(IFBIND):
At Your
Service
CMP: | 491.00
Daily Bar Chart

Buying range: | 480-491

Target: | 575.00

The stock price seen resolving out of a short term counter trend
corrective decline signaling resumption of next up leg

Stop loss: | 437.00

534

38% retracement 312

312
50-day EMA

The RSI seen taking support at its own support near reading of 50 and generated positive cross
over 9 period average highlighting bullish momentum

The share price of IFB Industries is seen resolving out of a short-term consolidation, which marks the counter trend corrective blip. The
resolution out of bullish flag continuation pattern offers a fresh entry opportunity
Structurally, the stock remains in a secular up trend as rallies are faster and of higher magnitude while corrections are time consuming and
shallow in nature. The recent consolidation occurred above the 38% retracement of the preceding up move while consuming equal time
suggesting underlying strength in price structure. The rising price troughs have anchored on rising 50-day EMA (444) highlighting consistent
buying support at elevated levels
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on December 30, 2014 at 09:47 hrs

Whirlpool
of India
pennant breakout signals resumption of uptrend
Deal Team
(WHIIND):
At YourBullish
Service
CMP: | 650.00

Buying range: | 640-650

Target: | 760.00

Stop loss: | 595.00

Daily Bar Chart

100

Breakout past the bullish Pennant formation comprising price

consolidation over last two months indicates end of healthy
corrective phase and resumption of next up-leg

100

50 day EMA
100

Volumes surging past the 50 day average indicate larger participation in the direction of the price breakout

MACD generates a positive crossover above its 9 period average while sailing above the signal line

The share price of Whirlpool resolved past the six week consolidation range to signal end of the temporary corrective phase and resumption
of next up move in the larger uptrend. The two month consolidation since November 2014 life-time high of | 695 took the pictorial shape of a
Pennant formation as highlighted in the above chart. The minimum measuring implication of the bullish set-up i.e. equality of current move
from base of the consolidation (| 595) with the last intermediate up-leg that measured 175 points projects upside towards |770 levels
The MACD oscillator, which measures the strength in the underlying trend, sailed above its trigger line while prices were under consolidation
and generated a positive crossover above its nine period average signalling strength in the price breakout
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on December 30, 2014 at 09:39 hrs

Adani
& SEZ
Breakout from bullish Cup and Handle pattern
DealPorts
Team
(MUNPOR):
At Your Service
CMP: | 309.00

Target: | 355.00

Buying range: | 300-310

Stop loss: | 279.00

Weekly Bar Chart

The share price has given a breakout from the Bullish Cup and Handle pattern
signalling continuation of the up trend in the short-term and a faster
retracement of the previous falling segment signalling a positive price
structure. The stock is likely embark upon the next up move and test levels of
| 360 being the measuring implication of the Cup and Handle pattern breakout

302

244

The entire up move since February 2014 has been taking

support at the rising trendline indicating sustained buying
support at elevated levels at regular intervals

175
144

The 14 period RSI has given a bullish crossover above its nine periods
average thus validates positive trend in price

The stock registered a breakout from the bullish Cup and Handle pattern signalling continuation of the up trend and a faster retracement of the
previous falling segment as the three-week decline has been completely retraced in less then three weeks signalling a positive price structure
The entire up move since February 2014 has been taking support at the rising trend line indicating sustained buying support at elevated levels
at regular intervals. Measuring implication of the price pattern i.e. depth of the Cup (| 302-244=58 points) added to the breakout point of | 302
projects upsides towards | 360 in the near term
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on December 30, 2014 at 10:06 hrs

Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14

(|)

520
600

420
500

320
400

350

(|)

620

Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14

Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14

(|)

One
year
price history
Deal
Team
At Your Service
IFB Industries
700

220
300

120
200

20
100

Adani Port & SEZ

300

250

200

150

100

Source: Bloomberg, ICICIdirect.com Research

6
Whirlpool of India

Strategy Follow up November 2014

Rec. Date

Rec Price

Target

Stoploss

% P/L

Castrol

428.00

498.0

392.0

17.0

Target Achieved

PTC India

90.50

110.0

80.5

14.0

Book profit at 99.80

3-Nov-14

JK Tyre

498.00

585.0

465.0

16.0

Target Achieved

5-Nov-14

30-Sep-14
31-Oct-14

Scrip Name

Comment

Greaves Cotton

132.00

163.0

118.0

10.0

18-Nov-14

Central Bank

77.00

91.0

68.0

17.0

Book 50% profit at 145.0

Target almost achieved

18-Nov-14

Banco Products

167.00

198.0

153.0

10.0

Book profit at 183

18-Nov-14

Bank of India

288.00

335.0

269.0

-4.0

Square off at 276

18-Nov-14

Munjal Showa

233.00

278.0

209.0

-7.0

Exit at 217

18-Nov-14

Andhra Bank

89.00

104.0

81.0

-9.0

Stoploss Triggered

Notes

It is recommended to enter in a staggered manner within the prescribed range provided in

the report
Once the recommendation is executed, it is advisable to keep strict stop loss as provided in
the report on closing basis.
The recommendations are valid for three to six months and in case we intend to carry
forward the position, it will be communicated through separate mail.

Trading portfolio allocation

It is recommended to spread out the trading corpus in a proportionate manner between the
various technical research products
Please avoid allocating the entire trading corpus to a single stock or a single product
segment
Within each product segment it is advisable to allocate equal amount to each
recommendation
For example: The Daily Calls product carries 3 to 4 intraday recommendations. It is
advisable to allocate equal amount to each recommendation

Recommended product wise trading portfolio allocation

Product

Allocations
Product wise Max allocation in
1 Stock
allocation

Return Objective
Number of Calls

Frontline Stocks Mid Cap Stocks

Duration

Daily Calls

8%

2-3%

3-4 Stocks

0.5-1%

2-3%

Intraday

Short term Delivery

6%

3-5%

7-10 Per Months

4-5%

7-10%

Opportunity Based

Weekly Calls

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Weekly Technicals

8%

3-5%

1-2 Stocks

5-7%

7-10%

1 Week

Monthly Call

15%

5%

2-3 Stocks

7-10%

10-15%

1 Month

Monthly Technical

15%

2-4%

5-8 Stocks

7-10%

10-15%

1 Month

Techno Funda

15%

5-10%

1-2 Stocks

10% and above

15% and above

6 Months

Technnical Breakout

15%

5-10%

1-2 Stocks

10% and above

15% and above

3-6 Months

Cash

10%
100%

Thank You
Research Analysts
Dharmesh Shah
Nitin Kunte, CMT
Dipesh Dagha
Pabitro Mukherjee
Vinayak Parmar

dharmesh.shah@icicisecurities.com
nitin.kunte@icicisecurities.com
dipesh.dagha@icicisecurities.com
pabitro.mukherjee@icicisecurities.com
vinayak.parmar@icicisecurities.com

10

Pankaj Pandey

Head Research

pankaj.pandey@icicisecurities.com

ICICIdirect.com Research Desk,

ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC
Andheri (East)
Mumbai 400 093
research@icicidirect.com

11

Disclaimer
ANALYST CERTIFICATION
We /I, Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts, authors and the names subscribed to
this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or
securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or
view(s) in this report.
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Disclaimer
ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not
necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before
investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not
predictions and may be subject to change without notice.
ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been
mandated by the subject company for any other assignment in the past twelve months.
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interest at the time of publication of this report.
It is confirmed that Dharmesh Shah, Dipesh Dagha, Nitin Kunte, Pabitro Mukherjee, Vinayak Parmar Research Analysts of this report have not
received any compensation from the companies mentioned in the report in the preceding twelve months.
Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.
ICICI Securities or its subsidiaries collectively or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in
the report as of the last day of the month preceding the publication of the research report.
Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficial ownership
in various companies including the subject company/companies mentioned in this report.

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