Equitas is forming a pole and flag pattern. It has formed its base around 114.5 and it is now ready to move upwards. One can enter the stock after the breakout of the patterns at around 126 and can get a target of around 150.
Any suggestions about the analysis, please comment.
The same is very well possible. Equitas holdings is a great stock that can be added in the portfolio. Fundementally the prospects are good. The stock has a P/E ration around 9 which suggest it has a potential to grow nearly 7-8 X in the coming years since the industry standards for the same is around 80-90. The sector small finance is a huge game in the country like india so its also another factor to look upon.
In conclusion I am bullish on this stock and as per the techinaclas it is ready to move to the upside soon!
In conclusion I am bullish on this stock and as per the techinaclas it is ready to move to the upside soon!