Technical Analysis Equitas Holdings is consolidating in range(115-136) after giving a major breakout from downward channel in weekly chart. One can add small quantities at 115-120 levels. If the price of equitas holdings go below 115 it can go down till its first support at 100 level and one can also average at this level. This analysis is for long term...
share name equitas holdings why i buy this share ? - after a launch of ipo share make a high 205 - making l-h, l-h (form a downfall range) - we can see in charts a brkout of trendline, after a breakout shares is consoldating and forming a pennant - we can also see a breakout of pennant in cmng days - target : 205 sl 100 best place to buy : 110-130 Thanks
EQUITAS Long Opportunity near 51-53 for 60-62 followed by 80-82 and Stop Loss at 46
Short Term Cash Buy EQUITAS @59.50-60 SL 58.20 TGT 63.50 1. TK cross over at 56.5 2. MACD cross over 3. It is about to break first resistance R1@59.80 with the current momentum expect to break second resistance R2@61.50
Reasons: 1. Triangle break out, sustain above it 2. Increase in Open interest with Future Price 3. High Volume 4. Fast EMA crosses Medium EMA * 60% of the shares are owned by MF and FII's, apply trailing stop loss (upside only) Entry : 62 Exit : 78 Stop Loss: 56
Equitas broke its trendline in an upward direction