stock is worth watching as the stock is forming a 7-week, 20% deep Consolidation
Base. The current price is only 6% away from its ideal buy price of INR 803. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.
The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 6.0% away from the 10-week moving average.
In the last twelve months, Icici Securities has rallied nearly 53.7% as compared to 51.6% for the Nifty500. It has a Relative Strength Rating
of 67. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Icici Securities can maintain this outperformance, it could make sense as a CANSLIM
Another key part of the jigsaw is institutional sponsorship. Icici Securities has an Accumulation/Distribution Rating
of ‘A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.
On the earnings front, Icici Securities
has an excellent EPS Rank of 94, which indicates consistency in earnings. The earnings and sales for the stock have grown by 31% and 15%, respectively over the past three years. Its 3-years earnings stability is 19, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 26% and 13%, respectively. The 5-years earnings stability is 18. The return on equity for the last reported year is 70%.
The stock belongs to the industry group of Finance-Invest Bnk/Bkrs. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 62. The current price of Icici Securities is -6% off from its 52-week high price and 101% above its 52-week low price.
The stock appears on our idea lists: Minervini Trend Template.
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