The application of Coppock Curve to individual stocks is a challenge. It has proven to be even more difficult applying it to international stocks which, in this case, are India stocks. However, based on our previous work, the Nifty 50 Index has the potential to yield tremendous returns (see here).
To recap, the Nifty 50 Index has had a great record with the latest buy signal at the end of August 2020. See chart and table below for reference.
The list below is the first of many that we will produce in the coming months. All stats are based on 1 year holding period. In the table above, the "success rate" is the occurrence when stock yield positive results after one (1) year. Sample size is the number of buy signals.
While average gains for some companies may be enticing, pay close attention to the loss column as that is the real risk which offsets the potential reward.
ICICI Bank is listed on NYSE under IBN.