Hello every one I am writing about basic logic in stock market which suites all kind of investors and traders
This scrip was under the accumulation since many months before dec 2018 where the scrip made very high responsive move indication the end of accumulation of institutions
Now it has made retest by making an lower high in the month of Nov 2019 and now...
Equitas had a bad day on Monday when it came out with its results. The stock has already been witnessing some strong declines. The rallies at every opportunities have attracted selling interest. The descending trendline (pink line) shows that the resistances were maintained despite its attempt to recover. In the process the stock also formed a descending triangle...
All the views expresses here for Educational & Learning purpose only.
We may or may not have position in the stocks mentioned here.
option long call
EQUITAS LONG CALL 100CE @ 4.50
SL @ 2.50
TARGET @ 8.50
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.
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.