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Technicals for Equitas Small Finance Bank Limited
By MusingTheNews
2026-02-02 20:33
Overall Technical outlook
Price Summary
Equitas Small Finance Bank Limited's stock opened at 69.56 on 2026-02-02, surged to 70.55, hit a low of 66.74, and closed up -1.12% at 68.78, with 4417210 shares traded. The highest price the stock achieved in the past 52 weeks is 71.8, while the lowest price it saw is 50.27. 18 analysts estimate that the future price of EQUITASBNK will fall between 55.0 and 90.0, with an average price expectation of approximately 69.72222.
Technicals
Support and Resistance: The current price of 68.78 is supported at 65.61, with resistance at 71.05. This suggests that the price for EQUITASBNK might remain between these levels, where 65.61 acts as a floor and 71.05 as a ceiling in the market. Support/Resistance for EQUITASBNK
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for Equitas Small Finance Bank Limited
Bol. Bands: The BOLL BANDS is in a neutral stance for EQUITASBNK, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Bolinger Bands chart for Equitas Small Finance Bank Limited
Parabolic SAR: The PSAR has just reversed from bullish to bearish for Equitas Small Finance Bank Limited, suggesting a possible trend change. If supported by a broader market trend, this could be a very bearish signal. Traders should monitor other indicators for confirmation before taking action based on this reversal. Parabolic Stop and Reverse chart for Equitas Small Finance Bank Limited
Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Stochastic chart for Equitas Small Finance Bank Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that this bearish momentum might be fading. This could be an early indication of a potential bullish reversal, as the market's current downward trend loses strength and prepares for a possible shift towards more positive price action. Tripple SMA chart for Equitas Small Finance Bank Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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