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.
Equitaslong
EQUITAS HOLDINGSAfter taking the support near 74 levels stock has bounced and trading near 94 levels. We can
assume the stock has completed its 4th wave correction and is continuing in the impulse wave 5. One should invest in the stock keeping the stop loss of 79 and look for the target of 120-125 zone.
Weekly MACD
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
EQUITAS - Above 82 -- UptrendEquitas is on uptrend and add to watchlist.
If cross 82 and sustains -- we can see 100+ target in couple of sessions.
Add to watchlist and trade as per trend.
