Equitas Holdings Ltd AnalysisTechnical 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 perspective. This share has capability of going till 200 in mid to long term.
Fundamental Analysis
PE Ratio : 8.76 (Undervalued in respect to peer companies)
Sector PE Ratio : 26.67
Below data for previous 5 years.
Revenue Growth : 27.93 CAGR
Industry Average Revenue Growth : 17.41 CAGR
Market Share : 2.05% to 3.15%
Net Income : 23.14 CAGR
Industry Average Net Income : 18.9 CAGR
This analysis is just for educational purposes and not an investment advice.
Equitasholding
EQUITAS HOLDING LTDshare 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 OpportunityEQUITAS Long Opportunity near 51-53 for 60-62 followed by 80-82 and Stop Loss at 46
R-0200 Short Term Cash Buy EQUITAS @59.50-60 SL 58.20 TGT 63.50Short 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
Equitas traingle breakout with increase in open interestReasons:
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
