Equinox India - Turnaround Incoming
Its EXTREMELY rare for a company that is this old to fall below the 200EMA (Monthly) and actually survive..
These guys seem to be the comeback kids..
Adequately capitalized..new project timelines already given out along with conservative estimates of Surplus from those projects.
The merger judgement too is marked for judgement. (The hope is for a positive judgement)
IF this happens..expect fireworks in this stock coz they will have an experienced developer at the helm but also crazy money by way of Blackstone backing them.. (And real estate is a core business of Blackstone in India where they have a lot of experience)
The stock price is kissing the 200MEMA..and break above it esp on a positive judgement could mean the stock roaring upwards...and the 200MEMA could then act as a support.
Long above it with Stoploss below 110..
Would take an instant Stoploss if the judgement isn't in their favour in the short term and try to fish it at lower levels again.
These guys seem to be the comeback kids..
Adequately capitalized..new project timelines already given out along with conservative estimates of Surplus from those projects.
The merger judgement too is marked for judgement. (The hope is for a positive judgement)
IF this happens..expect fireworks in this stock coz they will have an experienced developer at the helm but also crazy money by way of Blackstone backing them.. (And real estate is a core business of Blackstone in India where they have a lot of experience)
The stock price is kissing the 200MEMA..and break above it esp on a positive judgement could mean the stock roaring upwards...and the 200MEMA could then act as a support.
Long above it with Stoploss below 110..
Would take an instant Stoploss if the judgement isn't in their favour in the short term and try to fish it at lower levels again.
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