Buy EQUITAS above 116.40
Target of 129-163-181
SL 88
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
For Long term Investors - Entry range 106 to 114. if come around 100 and 86 add more quality
Safe Entry above 127
Stop loss Closing below - 74
Expected Targets -126, 147, 175, 193 to 200, 230, 260, 295 then hold for target of 450 to 500
Please do your due diligence before trading or investment.
*Comment or message me if you wish to see my analysis for any...
As you can see, I have drawn Fibonacci retracement and Fibonacci extension to identify possible price movement. Within medium term of 6 months we can see target of 110, if there is no drastic changes in total market conditions.
This is for learning purpose only.
Stock Name - Equitas Small Finance Bank Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 105
#This is not Buy and Sell recommendation to any one. This is for...
NSE:EQUITASBNK
Pattern details:
NSE:EQUITASBNK was in a up-trend before forming Cup with handle pattern
Cup with ~19% correction and length of cup 14 bars (98 days)
Handle formation is in progress. It is 8 bars (13 days) long and has done ~10% correction. Handle's correction is deeper than expected.
Awaiting pattern BO (hopefully with good volumes)
Disc -...
EQUITAS SMALL FIN BNK LTD (Swing):
Chart of Equitas SFB is set for a 20-25 % up move in the following days.
Keep adding between 89-94 with a SL around 82-85.
Appropriate support, resistance levels are highlighted with target.
Note: Do your own due diligence before taking any action.
1) The stock is strong, trend is up in weekly, daily, monthly.
2) Buying pressure evident from the last 2 months as interpreted from the monthly candles.
3) The stock is consolidating for the last 3 months and is now ready to move up for a move of 15-20%.
4) One can consider an entry based on 15 min candle close above the last swing high.
Current price : 85
Target price : 101
Price is on 100 days Ema.
Rsi showing divergence.
There's also a strong support level at 77- 78.50 .
If the price comes below 81.80 then wait for 77-78.50 level .
Equitas Small Finance: (Positional/Swing)
Possibility for a long setup in Equitas Small Finance.
Price is testing the support zone 60-65.
Note: Do your own due diligence before taking any action.
Good volume build up in this stock
Breakout of resistance zone
Best Q3 results
Great Potential stock
Face value 10 so can split in future
Great promoter and MF holdings
Cmp 69
Initial target 75 then trail SL
Initial Sl below 63
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
EQUITAS SMALL FINANCE BANK Ltd is forming a good pattern, there is a good accumulation happening at current levels.
EQUITAS SMALL FINANCE BANK Ltd is Ascending chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Finance
Industry: Regional Banks
