It has been observed that the price action trending down since one year from 180 to 140 levels. Now, it is breaking above the downward trendline indicating a bullish and a strong move ahead.
It is been observed on the daily chart that the price action formed an exhaustion candle on the crucial support levels indicating a strong buyers coming back in the market. Now, it shall further move up.
Equitas Holdings is trending along with long term support line. I expect this stock to take support at the trend line once again and move upside. Close above 186 will make the stock to move faster. Hidden bullish divergence in RSI indicates the stock will have uptrend in coming days. Hidden bullish divergence happens when price is making a higher low (HL), but the...
Equitas Holdings Ltd. engages in investment operations. Through its subsidiaries, it offers finance, banking, and freight aggregation services. The company was founded on June 22, 2007 and is headquartered in Chennai, India.