Equitus Small Finance Bank: Breakout with volume

Long

EQUITAS SMALL FINANCE BANK LIM (BSE:EQUITASBNK)

BSE:EQUITASBNK EQUITAS SMALL FINANCE BANK LIM

Trend Analysis Volume Rectangle indianstocksanalysis stocktowatchfor stocktobuytomorrow

trendanalysis volumestudies rectangle indianstocksanalysis stocktowatchfor stocktobuytomorrow

EQUITASBNK shows bullishness because of:

A clear rectangular consolidation brakout
High volume
The daily candle is bullish engulfing with the low touching the bottom of the channel (but still able to pass the mid point, near to top channel)

Trade: Buy above 58, SL: 56, T: 65/68
Sell below: 54, SL: 57, T: 51/48

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