Equitas broke resistance trendline on hourly chart and retested trendline, it looks it has taken support at that line. it also looks like pole and flag pattern. if it opens above 54 and closes higher, it can easily reach to 60 levels which is 10% higher from current level.
if it continue to trade above previous close on hourly basis, it interpreting 5 wave impulse move, which has completed 2 waves.
if it continue to trade above previous close on hourly basis, it interpreting 5 wave impulse move, which has completed 2 waves.