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SWING IDEA - EQUITAS SMALL FINANCE BANK

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Equitas 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

交易结束：到达止损

stoploss hit : -14%