Investors have paid higher prices over time to buy Equitas Small Finance Bank Ltd and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has broken up through resistance at rupee 88.00. This predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
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