Foram_Chheda_CMT

Buy EQUITAS at 164-165 with short term holding target of 180

Long
NSE:EQUITAS   EQUITAS HOLDINGS
NSE:EQUITAS

The stock has remained in a broad trading range over last couple of months. Currently, the stock has encountered a double top resistance and is seen attempting to break out. RSI is seen breaking out of a pattern and has marked a fresh 14-period high on Weekly Charts which is bullish . MACD remains in continuing buy mode. The Stock has closed outside the upper Bollinger band . As it remains slightly overbought, it may see a temporary throwback inside the bands. However, it signals potential breakout taking place. On-Balance Volume – OBV is has marked a fresh high which is bullish .
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