Reason for long
a) Consolidation breakout
b) Good risk reward zone, if price of 5 min candle available at closing level.
c) Volume spurt
d) Mr.14 Set up
b) weekly and monthly breakout
e) SL compulsory
📊 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...
Equitas Bank has given breakout from Weekly CUP Pattern can be considered for INVESTMENT for next 1-2 Years for 2x ROI.
LTP - 78
SL - 60
Targets - 140
Time Frame - 1-1.5 Years
EUITASBNK 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...
#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...
Volume High
RSI, Adx , EMA everything supporting
it has broke and sustained above 100 which is also a psychological level, now it should move towards 125/140
EQUITAS SMALL FIN BANK LTD
Breaking out of a CUP n HANDLE pattern.
New 52 week high, High Volume and High Gain today.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
Breakout stocks refer to those equities that experience a sudden surge in price, breaking through key resistance levels and signaling a potential upward trend. These stocks often attract the attention of investors and traders seeking substantial returns in a relatively short period. The breakout typically occurs when the stock surpasses a historical price barrier,...
#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...
