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Price and trend forecast of EQUITASBNK for Tomorrow, Weekly, Monthly

Equitas Small Finance Bank Limited

Symbol: NSE:EQUITASBNK

ISIN: INE063P01018

88.69

As on 2024-07-23

82.10 (52W Low) 116.50 (52W High)

EQUITASBNK's Today's Performance

Equitas Small Finance Bank Limited started the day by opening at 90.04 today 2024-07-23. Its shares reached a high of 90.49 and dipped to a low of 87.10 in intraday. When the markets closed, EQUITASBNK’s stock price settled at ₹88.69 per share. Also check out its key support and resistance levels.

EQUITASBNK Buy/Sell Targets

Tomorrow, sell EQUITASBNK when its price reaches ₹ 88.69 with a stop-loss order at ₹ 89.80. You can set the target price as ₹ 87.59 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of EQUITASBNK for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for EQUITASBNK

Downside Targets Value in ₹
Tomorrow Down Target 1 90
Tomorrow Down Target 2 92
Tomorrow Down Target 3 94

Important Levels for EQUITASBNK

Holding Levels Value in ₹
Tomorrow Up Target 1 87
Tomorrow Up Target 2 85
Tomorrow Up Target 3 84
Based on where the stock opens tomorrow, if EQUITASBNK opens on a positive note, our first target will be ₹90. If Target 1 is achieved, we will aim for Target 2 which is ₹92.

But if EQUITASBNK falls below the average value of ₹88.76, you can enter a sell side position with target number 1 - ₹87 and second target - ₹85 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of EQUITASBNK

Looking at EQUITASBNK, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, EQUITASBNK has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for EQUITASBNK is moderate bearish.

Tomorrow's Volume based share price Forecast for EQUITASBNK

EQUITASBNK's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 88%.

Reversal detection for EQUITASBNK

Predicted trend chart of EQUITASBNK tomorrow for price forecast
EQUITASBNK may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹90 in morning tomorrow
Target 1 tomorrow90
Target 2 tomorrow91
Target 3 tomorrow92
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with EQUITASBNK's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if EQUITASBNK opens on a positive note, our first target will be ₹90.42. If Target 1 is achieved, we will aim for Target 2 which is ₹92.15.

But if EQUITASBNK falls below the average value of ₹88.76, you can enter a sell side position with target number 1 - ₹87.03 and second target - ₹85.37

EQUITASBNK's Weekly Targets
1st Up Target 90.42
2nd Up Target 92.15
1st Down Target 87.03
2nd Down Target 85.37

As the week for EQUITASBNK ended on bearish sentiments, we can expect further continuation of this sentiment. EQUITASBNK's initial target will be 90.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 87.03 in the upcoming week.

Weekly OHLC Values
Open 89.00
High 90.49
Low 87.10
Close 88.69

Week for EQUITASBNK started with an open price of 89.00, and the close was at 88.69. EQUITASBNK reached the highest of 90.49 and dipped lowest up to 87.10 last week. This indicates a bearish sentiment for the week.

EQUITASBNK full month swing targets
Monthly Up Target 1 93.81
Monthly Up Target 2 95.54
Monthly Down Target 1 83.64
Monthly Down Target 2 78.59

Targets of ₹93.81 can be expected to be reached in the coming month. Once EQUITASBNK achieved this target, we can aim for the next upside target of ₹95.54.

EQUITASBNK if fails to hold upside, down targets of ₹83.64 and ₹78.59 can be achieved by end of this month.

For complete three weeks if EQUITASBNK is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as EQUITASBNK

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

EQUITASBNK is expected to reach the target of 90.42 in tomorrow's trading session.

After achieving the initial target in EQUITASBNK, we will aim for higher targets of 92.15 tomorrow.

However, if EQUITASBNK starts to trade below ₹88.76, then we will shift our focus to the sell side and aim for down targets of 87.03 and 85.37.