Why i was selling EQUITAS HoldingsHi guys this is Trader Kanishk
this analysis is for EQUITAS
Points discussed in the video:
Why not to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
Equitasholding
EQUITAS HOLDING TREND ANALYSISBREASIH TREND
EXPECT A BREAK DOWN IF THE BREAK 46/44 LEVELS
FOR 40 LEVELS;
BULLISH TREND LINE IN VALIDATED WITH VOLUME
Equitas - Ascending triangle bullish breakoutNote: 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.
EQUITAS HOLDINGS LONG !Equitas holding today given strong breakout zone above 56/- levels and holds good volume accumulation. one can expect target another 20 points up move for target 80/-
Equitas Holdings: Bullish break-outEquitas 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 along the trend line ranging from 41 to 45 to 48 thereby reducing the size of the triangle.
On 7 July 2020, Equitas holdings broke the strong resistance of 56.50 with a huge volume spike (largest in 3 months) and closed above the resistance line at 58.90 signalling a bullish break out. Measuring the average height of the triangle, the stock is expected to gain at least 10 points from the break out zone.
Long: 59 (or if there is a pullback - close to 57)
Target 1: 66; Target 2: 69
SL: 52
Technicals:
1. MACD: Steep divergence in the making as the MACD level line cuts the MACD signal line from below.
2. Price strongly cuts and closes above 200 EMA
equitas broken the trianglecan capture huge move
wait till the close for swing trading
only for educational purpose
Investment Pick:- Equitas Holdings Ltd.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 operations. It provides micro finance, vehicle finance and housing finance services.
Current Price- 52
52 Week high/low- 136.55/32.5
Short Term Target- 75-80
Long Term Target- 150-200
Strengths-
Annual Net Profits improving from last 2 years.
FIIs and DIIs increasing their shareholding since last few quarters.
Stock is trading at 0.60 times its book value.
Investments: 2344cr
Cash Equivalents: 2537cr
Opportunities-
Huge Demand will be triggered post Lock Down from Undeserved and Unserved category, Strong Cash Flow will play important role.
Rising Delivery Percentage Compared to Previous Day and Month, Strong Volumes
Stock with Lowest PE in NBFC sector (PE 8.14), Cheapest among all NBFCs.
Stock trading at very attractive valuation, Quality long time financial performance within the industry, breakout at technical levels with high volume
Equitas - Tredline breked LongTrendline break...
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 ShortEquitas 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.
Short EquitasTrade Idea: Short Equitas below 127.5
Signals:
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
MOMENTUM TRADE IN EQUITAS DEC FUTMOMENTUM TRADE IN EQUITAS
RISE IN OI+
RESISTANCE TURNED SUPPORT++
BREAKOUT FROM INSIDE RANGE BAR+++
DEC FUT TRADE
BUY@125
STOP@122.5
TARGET@130
LOT:4000
QTY:1
EQUITAS: SELL at 105.15 SL 113 / 116 Tgt1 at 89 Tgt2 at 61EQUITAS has clearly broken down on NSE with volumes close to 31 times its average trading which gives a clear sell signal. Secondly it has broken the up words trending channel decisively.
EQUITAS qualifies a SELL around 105.15 with Stop loss of 113 and Target of 89. If you are looking for a longer time frame, it can be sold at 105.15 with Stop-loss on closing basis above 116 and Target of 61.
will it reverse!!???????? patience!!near its all time low ..chances of a quick good reversal ..lets watch it closely
