Long
EQUITAS HOLDINGS- Possible start of an uptrend towards 115
After a long downtrend, looks like Equitas holdings has bottomed up and bounced back at 40s and started its new uptrend towards 115, the move is also supported by the company's financials.
The company has a bullish momentum, as the price is trading above the short term and long term moving averages.
The bullish move is also assisted by high TTM EPS growth as well as its strong profit growth of roughly over 20% CAGR over the past five years. The company also has good price to book ratio.
Good for long term investment.
Target- 115
SL: 70
NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Investment/Trading in market is subjected to market risk,Please consult financial advisor before trading or investing.
The company has a bullish momentum, as the price is trading above the short term and long term moving averages.
The bullish move is also assisted by high TTM EPS growth as well as its strong profit growth of roughly over 20% CAGR over the past five years. The company also has good price to book ratio.
Good for long term investment.
Target- 115
SL: 70
NOTE: This is only for educational purposes and do not constitute specific financial, trading or investment advice. Investment/Trading in market is subjected to market risk,Please consult financial advisor before trading or investing.
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