SWING IDEA - EQUITAS SMALL FINANCE BANK

17 sieEquitas 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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