Equitas Small Finance: Bounce-back potential
Technical/Fundamental play
Stock dipped post poor earnings, and may remain in this zone until post ex-div date. I will start adding from monday and go heavier post ex-date.
Few points:
Stock at '23 levels and strong support zone
RSI at 26 (Lowest RSI in stock history)
On avg analyst pricing this stock at 100rs (21% upside)
Personal px tgt at 90rs (11% upside) accounting for margin of safety
Stock dipped post poor earnings, and may remain in this zone until post ex-div date. I will start adding from monday and go heavier post ex-date.
Few points:
Stock at '23 levels and strong support zone
RSI at 26 (Lowest RSI in stock history)
On avg analyst pricing this stock at 100rs (21% upside)
Personal px tgt at 90rs (11% upside) accounting for margin of safety
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.