Stocks

on the
move
Gladiator
Stocks

May 19, 2015

Cadila Healthcare
The stock weathered the recent market wide volatility while holding its key support and now appears set to resume its
up trend offering a fresh entry opportunity to ride the larger bull trend
II-Direct
Direct Code

Action

Buying Range

Target

Stop Loss

CADHEA

Buy

1715-1733

1995

1595

Union Bank of India

The stock witnessed a strong rebound after taking support at the previous breakout area and 80% retracement of
2014 rally. Faster retracement of the preceding three week decline in just a week signals a bullish trend reversal
I-Direct Code

Action

Buying Range

Target

Stop Loss

UNIBAN

Buy

159-163

185

148

Apcotex Industries
The stock has registered a breakout from five month consolidation signalling resumption of the primary uptrend after
a healthy corrective phase
I-Direct Code

Action

Buying Range

Target

Stop Loss

APCLAT

Buy

508 516
508-516

615

458

Cadila
DealHealthcare
Team (CADHEA):
At Your Resumption
Service of up trend after four week breather
CMP: | 1733.00

Buying range: | 1715

1715-1733
1733

Target:
ge | 1995.00
995 00

Stop
S
op loss:
o | 1595.00
595 00
2000

Weekly Bar Chart

The stock weathered recent volatility in equities while holding

its key support. We expect the up move to resume and
challenge
g its life-time highs
g of | 2000 in comingg weeks

1719
61 8%
61.8%
@ 1650
1426

34
34-week
k EMA
Volumes expanding during rallies authenticate continued appetite for the stock

Weekly RSI bounced off its bull market support of 50

suggesting continuation of upward momentum

The stock weathered volatile market conditions over past few weeks and looks set to resume its up trend offering fresh entry opportunity to
ride overall up trend. Share price held above 61.8% retracement of its preceding up move (| 1426-2000) indicating continued buying support
We expect the share price to challenge its life-time high of | 2000 given the robust price structure and hence believe it offers decent
reward/risk set up for positional traders. Volume behaviour is also in line with Dow theory principle and corroborates its overall up trend
The weekly RSI, which gauge the underlying momentum, signals continuation of upward bias over medium term as oscillator held above its
own supportt ~ reading
di off 50
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on May 19, 2015 at 09:47 am

Union
(UNIBAN):
Faster retracement
DealBank
Team
At Your
Service of last falling segment signals trend reversal
CMP: | 161.00

Target:
ge | 185.00
85 00

Buying range: | 159

159-163
163

Stop
S
op loss:
o | 148.00
8 00
253

Weekly Candlestick Chart

50% retracement and previous

breakdown area @185
183

Resistance

Support
pp

134
131

130

Price bounced back taking support at the previous breakout area with a strong surge in
volume of more than double of the 50 weeks average volume of 200 lakhs share per week

Weekly RSI has generated a bullish crossover above its nine periods average thus validates positive trend in price

The stock witnessed a strong rebound after taking support at the previous breakout area and 80% retracement of 2014 rally (| 100 to | 258)
placed at | 131 levels. The stock has posted a faster retracement of the preceding three week decline in just one week to signal a bullish trend
reversal. A sharp surge in weekly volumes, which was more than twice the 52 weeks average volume of 2crore shares per week during the
price rally highlights the turnaround in sentiments and indicates strength in the up move
We expect the stock to continues its up move and retrace the 2015 decline (| 253 to | 130) by minimum 50% over the coming months, which
opens the room for a up move towards | 185 levels
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on May 19, 2015 at 10:54 am

Apcotex
Industries
(APCLET):
month consolidation breakout
Deal Team
At
Your Five
Service
CMP: | 516.00

Target:
ge | 615.00
6 5 00

Buying range: | 508

508-516
516

Weekly Bar Chart

Breakout from five month consolidation signals resumption

of primary uptrend after a healthy corrective phase

Stop
S
op loss:
o | 458.00
58 00
123.6% retracement @ 615

575

415

426
Double Bottom formation at
38.2% retracement of major
rally and 34 week EMA

180

34 week EMA
Volume expansion accompanying price breakout highlights
larger participation in the direction or primary trend

Weekly RSI has generated positive cross above its nine period
average suggesting strength in the price breakout

The stock has registered a breakout from five month consolidation signalling resumption of the primary uptrend after a healthy corrective
phase. The correction off life-time high of | 575 got anchored at 38.2% retracement of preceding rally (| 180 to | 575) placed at | 425 levels.
Confluence of rising 34-week EMA placed around | 430 made this a value area for the stock leading to a double bottom formation on weekly
charts. Following the price breakout we expect the stock to take out its life-time high of | 575 and head towards | 615 over the coming months
being the 123.6% retracement of the January March correction (| 575 to | 415)
Among oscillators,
oscillators the 14 week RSI has generated a positive crossover above its nine period average suggesting strength in the price breakout
Source: Bloomberg, ICICIdirect.com Research

*Call has been initiated in i-Click to Gain on May 19, 2015 at 10:49 am

Strategy Follow up April 2015

Rec. Date

Scrip Name

Rec Price

Target

Stoploss

% P/L

12-Jan-15

Bosch

12-Jan-15

Apollo Tyre

19,960.00

23,940.00

17,700.0

20.0

221.00

265.00

205.0

11.0

12-Jan-15
12-Feb-15

Gulf Oil

518.00

615.00

464.0

8.0

Oberoi Realty

274.00

333.00

254.0

22.0

12-Feb-15

Comment
Target achieved
Booked profit at 245.40
Booked profit at 560.00
Target Achieved

Britannia

1,935.00

2,250.00

1,790.0

16.0

Target achieved

12-Feb-15

DCB Bank

112.00

135.00

103.0

12.0

Booked profit at 125.50

12-Feb-15

TV Today

Booked profit at 261

3-Mar-15

United Spirit

3-Mar-15
3-Mar-15

238.00

285.00

216.0

10.0

3,500.00

4,030.00

3,240.0

15.0

Target Achieved

M&M Financial

260.00

310.00

242.0

0.8

Closed at cost

Ashika Buildcon

179.00

210.00

169.0

-5.5

Stoploss Triggered

3-Mar-15

Karur Vysaya

585.00

685.00

548.0

-6.0

Stoploss Triggered

8-Apr-15

HSIL

442.00

525.00

403.0

-1.1

Exit at 437.00

8-Apr-15

United Spirit

3,930.00

4,450.00

3,630.0

-8.0

Stoploss Triggered

8-Apr-15

NBCC

1,000.00

1,150.00

920.0

-8.0

Stoploss Triggered

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

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
vinayak.parmar@icicisecurities.com

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
g portfolio
p
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
Daily Calls
Calls product carries 3 to 4 intraday recommendations
recommendations. It is
advisable to allocate equal amount to each recommendation

Recommended product wise trading portfolio allocation

Product

Allocations
Product wise Max allocation in
allocation
1 Stock

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%
5-10%

1 2 Stocks
1-2

10% and above 15% and above

3 6 Months
3-6

Cash

10%
100%

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

10

Disclaimer
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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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11

Disclaimer
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report
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