EQUITASBNK
EQUITAS SMALL FIN BANK - Picture perfect 'W' setup w/ 40% upsideOverview & Observation:
1. Double-bottom formations.
2. Moving with W Demand.
3. EMAs support taken confirming the up trend momentum.
4. RRR is favourable
Trade Plan:
1. Entry = Marked blue line
2. SL = 6-7% Marked red line
3. TP = 40% Marked green line
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK
Last Closing Price: 💵 107.20
50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run)
EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected)
Parabolic SAR: ✅ Bullish @ 99.00
Fibonacci Levels:
Closed Above 📏 0.382 @ 106.05
Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal)
MACD:
Signal Value: 📶 1.28
MACD Value: 📈 1.31
Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover)
%R (Williams Percent Range): 📈 Upper Band @ 7.87
Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish)
🎯 Targets:
First Target: 🎯 110.15 (Fibonacci 0.618 Level)
Second Target: 🎯 112.95
🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level)
⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor.
#EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
EQUITASBNK | Swing Trade📊 DETAILS
Sector: Bank - Private
Mkt Cap: 12,474 cr
Equitas Small Finance Bank Ltd before acquiring small bank license, operated as a wholly-owned subsidiary of Equitas Holding Ltd. The holding entity started its operations in 2007 in the microfinance segment & diversified into vehicle & housing finance in 2011. Also entered into SME & LAP in 2013. It merged with the other two subsidiaries named Equitas Microfinance Ltd & Equitas Housing Finance Ltd & formed a bank. After receiving a license in Sept 2016 the company commenced operations under Equitas small finance Bank.
TTM PE : 16.65 (Average PE)
Sector PE : 25.89
Beta : 0.59
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
3.16% away from 52 week high
Outperformer - Equitas Small Finance Bank up by 15.87% v/s NIFTY 50 up by 6.9% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
EQUITASBNK for 45% (approx..) GainEUITASBNK showing a good volume breakout with good result.
CMP : 81
TG : 114
SL : Below 21 day EMA
R/R : 5.5 times (Risk to Reward)
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP. (To view this, click sedg.in)
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. (To view this, click sedg.in)
4: Fundamental : PE, PAT, Industry & peer PE and sector performance. (To view this, click sedg.in)
5: Timing : Entry Timing on 2 hour chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Equitas Small Finance Bank Ltd - Long Setup, Move is ON...#EQUITASBNK trading above Resistance of 105.50
Next Resistance is at 152
Support is at 66
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Equitas Small Finance Bank - On Radar#equitasbnk
CMP : ₹.100.3/-
Equitas Small Finance Bank is an Indian based banking company. Recently company reported a stellar quarter results with a growth of 70.2% net profit. Net interest income increased 765 registered a net interest margin of 8.63% which is one of the industry best. Revenue and profit has been increasing for the last few quarters.Npa also decreasing. Stock is now at its 52 week high with significant volumes. Technically also it's looking good. It is now moving through an upward parallel channel. Have a resistance at 110 - 115 levels. Expecting a 100% growth from this level in short medium term.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
EQUITASBNK - Continuation Wedge (Bullish)Daily chart analysis of EQUITASBNK tells me that following a brief pause, the previous upward trend is poised to resume.
A Bullish Continuation Wedge illustrates a momentary pause in an ongoing upward trend, characterized by two converging trendlines that both slope downward against the prevailing trend. Throughout this phase, there's a struggle between bearish and bullish forces, with bears attempting to gain control over bulls. Eventually, the bulls emerge victorious, as evidenced by a decisive breach above the upper trendline. This breach serves as an indicator that the prior upward trend is set to carry on.
Target is marked on the chart.
Note:
Traders and investors often use them in conjunction with other technical and fundamental analysis tools to make more informed decisions.
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Equitas small finance bank seems to be bullishWe can see a monthly closing above levels of 65 for the first time in Equitasbnk. The level was a strong supply zone which can now act as a strong support.
The stock can easily move 20-30% or more in short term if we see a weekly closing above 70 this week. Even ATH level is 5% up from here which is a good swing target.
Keep on your watchlist to track.
EQUITASBNKEQUITASBNK:- Cup and handle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.