Techno Funda Picks - Auto Ancillary - Changing Gears To Structural Recovery: ICICI Direct
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ICICI Direct Report
In this report, we have focused on the auto ancillary pack, where most quality stocks have undergone significant price/time correction and yet many of them are available at favourable risk-reward profile.
Our technical model, studying three major bear markets (classic empirical evidences) of 1992, 2000, 2008 has produced interesting revelations.
Shares of good companies post significant (minimum 50%) correction from their all-time highs, generate significant returns for investors in subsequent bull market cycle.
We have selected companies that fit into this criteria and offer a favourable risk reward setup.
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