Equitas Holdings is trending along with long term support line. I expect this stock to take support at the trend line once again and move upside. Close above 186 will make the stock to move faster. Hidden bullish divergence in RSI indicates the stock will have uptrend in coming days. Hidden bullish divergence happens when price is making a higher low (HL), but the oscillator is showing a lower low (LL). In one to two years this stock will gain 50+ points.
Comments
MAYURSHAH444
⋅
HI PRINCESS.. EQUITAS IS MY TOP PICK RIGHT NOW HAVE BOUGHT GOOD QTY..ITS KIND OF STUCK AT THE MOMENT BUT POST RESULTS (WHICH I SENSE ITS GOOD) SHALL BREAKOUT TO 185 LEVELS IN A MONTHS TIME..
REGARDS
MAYUR SHAH
vanathi
⋅
@MAYURSHAH444, Check this pattern formation and take decision.
THANKS FOR YOUR INFO, THE PATTERN LOOKS WEAK AS THE STOCK DOES NOT HAVE FURTHER MOMENTUM AND ITS CORRECTING SLOWLY.. GUESS INVESTORS WAITING FOR MAY 5TH RESULTS..THEN TAKE A CALL
I FEEL THE STOCK AT 163 IS AGAIN A GOOD BUY..
THANKS & REGARDS
HAVE A GOOD EARNING WEEK AHEAD..
TECH MAHINDRA IS A GOOD LONG TERM BUY CAN DOUBLE YOUR INVESTMENT
GauravBhatia
⋅
Target for thos and time please?
GauravBhatia
⋅
This^
vanathi
⋅
@GauravBhatia, One to two years. I have mentioned it in the above idea...
The technical point “Hidden Divergence” is very obvious and well explained, but surprised to see that many a time it is found not marked in the chart. I though it will be helpful to the viewers, If you can just draw few more line to convey the point noted in the post.
I fully agree the technical points, the company’s performance like sale increase is fine. but the quarterly numbers are very poor at the time. Hope that will improve.
Please consider this as, Obeisance as don’t take it as interruption.
vanathi
⋅
@padiyaraa, Thank you for sharing the chart...
padiyara
⋅
@rrajkumar86,
please look at the above example , you will get an idea
REGARDS
MAYUR SHAH