United Bank of India - Fundamental Analysis

We expect the bank to maintain an EPS of 15-18 by FY2013. Even if we take its long term average PE as 5, the price will touch Rs 75-90, appreciating about 20% from here.

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IDFC - Technical Analysis

The 10 days EMA has cut the 20days and 30 days EMA from below on 14th Sep 2012 when the stock was at 134 level. A buy signal has been triggered from that level only.

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LIC Housing - Technical Analysis

LIC Housing was in a trading range of 245 to 280 level for last one year. But in Mid December, It broke out from the level of 280 and touched a 52 week high of 300. After that it went into a sharp correction and again trading in that 280 level. Now in the process the stock has created a bearish Head & Shoulder pattern.

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Infosys - Technical Analysis

No one needs an introduction of Infosys. The IT bellwether is always there in the watch list of a serious stock market investor. This stock has never disappointed long term investors but recently it has been generating opportunities for short term investors too. Just have a look at the white spots in the chart below.

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eClerx - Fundamental Analysis

Excellent growth since inception, high profit margin, and a consistent performance, eClerx has been one of the most interesting companies in last few years. It has a terrific management team that has taken this company from nowhere to a company which generates about 500 crore in revenue today.

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The name is Bond, Inflation Indexed Bond

Written on 15 March 2013 by Pankaj Priyadarshi

Benjamin Franklin once said that the only things certain in life are death and taxes. While taxes may not be true for many people, death is. After...

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Tax implication on bonus shares and stock...

Written on 01 March 2013 by Pankaj Priyadarshi

Companies pay dividends to share the earnings. They do it in two ways, either as bonus share (also known as stock dividend) or cash dividend. In case of...

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Income Tax Planning for 2013

Written on 21 February 2013 by Pankaj Priyadarshi

The season is back, like every year, and the hunt for the best tax saving scheme as well as the best investment has begun. There are some things in life...

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Pantaloon Retail Technical Analysis

Written by Bimlesh Singh

Friday, 13 January 2012 00:00

The Big Picture

Pantaloon Retail is the flagship company of Future Group, catering to the entire Indian consumption space. Through multiple retail formats, they provide services to Indian buyers, sellers and businesses alike. If we talk about the stock’s performance in recent past we can see quite a lot of action because of news regarding FDI in retail.

When the Government proposed the bill it touched a high of 235 (It was trading round 150 prior to the news flow). Due to election in near future Government was forced to put the bill on hold and stock nosedived to 125 levels. Now as the government has notified the FDI in single retail there is again an upsurge in the stock price and is currently trading at levels of 150, the same price when there was no news regarding FDI. In the charts it’s pretty clear that a rounding bottom is getting created (The purple Line).

Recommendation	Buy round current levels of 150
Current Price	151
Target	200 to 240
Time Frame	3 Months
Stop Loss	120
Event to watch	Positive news flow regarding FDI in multi brand retail
Date of Analysis	13/01/2012

The Strategy

Rounding bottom patter getting formed is supported by volume statistics too. Volume tends to mirror the price pattern in case of rounding bottom pattern. We can see that as the rounded bottom began to descend, volume started decreasing as bearishness waned and investors became indecisive. Following a period of relative dullness, at the bottom of the bowl, the price pattern started its upturn. As sentiment becomes more bullish, volume tends to increase. Best strategy is to buy this stock at current levels and wait for some positive news regarding FDI in multi brand retail for handsome returns. Government will definitely push for it once the elections are over.