EQUITASBNK trade ideas
Equitas Bank Stock: A Look at its Current Trajectory
Equitas Bank stock (EQBNK) has seen a significant downturn from its all-time high of 116, currently trading 47% lower.
Chart Analysis:
Key Resistance Broken: A crucial development is the recent break of the 66 resistance level. This bullish move initially propelled the stock upwards by 7%.
Support Level: Following this initial surge, the stock has experienced a pullback, finding support around the 66-67 levels.
Technical Research:
Based on my technical analysis, I'm observing a buying opportunity in Equitas Bank stock.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade.
Reasons are listed below :
75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move.
Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level.
0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher.
Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move.
Target - 95 // 105 // 115
Stoploss - weekly close below 72
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@visionary.growth.insights
Equitas Small Fin Bank- Bullish Short-Long term-Penny Small Cap
NSE:EQUITASBNK
17.08.2024
Penny small cap stock
Buy above 83
Target 01- 107
Target 02
StopLoss-74
Risk Reward- 1:4 ( 40%)
01.Very Strong fundamentals
02. Price has perfectly rejected from previous resistance turned to support level.
03. Price bounced from over sold zone to good buying zone
04. Volumes are constantly increasing in green candles.
EQUITAS Long Term PositionalBuy EQUITAS above 116.40
Target of 129-163-181
SL 88
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few Months
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
EQUITASBNK- AnalysisFor Long term Investors - Entry range 106 to 114. if come around 100 and 86 add more quality
Safe Entry above 127
Stop loss Closing below - 74
Expected Targets -126, 147, 175, 193 to 200, 230, 260, 295 then hold for target of 450 to 500
Please do your due diligence before trading or investment.
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Thank you.
EQUITASBNK - Ichimoku BreakoutStock Name - Equitas Small Finance Bank Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 105
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Awaiting BO of Cup with handle in $NSE:EQUITASBNKNSE:EQUITASBNK
Pattern details:
NSE:EQUITASBNK was in a up-trend before forming Cup with handle pattern
Cup with ~19% correction and length of cup 14 bars (98 days)
Handle formation is in progress. It is 8 bars (13 days) long and has done ~10% correction. Handle's correction is deeper than expected.
Awaiting pattern BO (hopefully with good volumes)
Disc - invested, for educational purposes only.
EQUITAS SMALL FIN BNK LTD (Swing):EQUITAS SMALL FIN BNK LTD (Swing):
Chart of Equitas SFB is set for a 20-25 % up move in the following days.
Keep adding between 89-94 with a SL around 82-85.
Appropriate support, resistance levels are highlighted with target.
Note: Do your own due diligence before taking any action.
EQUITAS SFB ready to break ATH for a swing trade opportunity.1) The stock is strong, trend is up in weekly, daily, monthly.
2) Buying pressure evident from the last 2 months as interpreted from the monthly candles.
3) The stock is consolidating for the last 3 months and is now ready to move up for a move of 15-20%.
4) One can consider an entry based on 15 min candle close above the last swing high.