EQUITAS SFB ready to break ATH for a swing trade opportunity. Long

EQUITAS SMALL FIN BNK LTDNSE

Description

⋅ Oct 18, 2023 3:20 PM

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.

Comments

Mahi0878

⋅ Oct 18, 2023 6:17 PM

Target ?

Rugminik

⋅ Oct 19, 2023 6:16 AM

@Mahi0878, 120 - short term. Entry not yet triggered.

vikasbhekare

⋅ Oct 19, 2023 8:51 AM

@Mahi0878 wait until it breaks it's all time high and then retest the breakout levels. Since there is no resistance on the up side, I would trail my stop loss order as prices make higher highs