Equitas holdings has been forming a triangle pattern where 56.50 level has been acting as a strong resistance since late April.
Price tested the upper resistance zone of 56.50 around 3 times in late April, once in mid May and multiple times in the last week of June. Thus, making it a strong resistance. Further, in the lower side, price has been obtaining support...
Keep an Eye on Equitas share at the Resist zone so any formation can take trade. if Good BO we go long if Rejected at the Resist area can go for short. This is for learning & educational. If you are not able to trade just observe for better learning.
Hi guys this is Trader Kanishk
this analysis is for EQUITAS
Points discussed in the video:
Why not to go long
has it taken support
new support levels
new stoploss levels
entry levels for sharp entry
and many more.
Watch the entire video and
GO for It
Every thing i have discussed in this video is only for...
Note: This is for educational purpose only.
There seems to be a bullish ascending triangle breakout with high volume. Moreover, RSI above 60 confirms bullish momentum. Moreover, there is an inverted bullish hammer on resistance turned support. Buy above high of current candle.
Investment Pick:- Equitas Holdings Ltd.
Equitas Holdings is engaged in a non-deposit taking systemically Important Core Investment Company from the Reserve Bank of India (RBI) to carry on the business as a Non-Banking Financial Institution. The activity of the company is to making investment in subsidiary companies and providing loans to them. It has no other...
1. Gap up - Short where my marked chart....
2. Gap down - buy around 52-53 Tager marked...
3. Short when price sustain below triangle trendline....in the lower TF....
Do your own analysis....
My bias : bullish...i play based on nifty movement...
Equitas is trading in a parallel downwards channel. It formed a bearish harami candle on daily charts. Price rejection can be seen from top of the channel. Shorts can be initiated at CMP with easy targets of 100-95-90. Stoploss can be kept at a closing above the upper trendline.
Trade Idea: Short Equitas below 127.5
1) Head and Shoulder on the Daily with neck-line at 127.5-128
2) Strong move lower of 4.5% creating a dark cloud candle
3) Moving Averages above the head of the candle and not too extended
For educational Purpose Only