johnjen2088

federal bank inverted H&S and fib 61.8 level the golden ratio

NSE:FEDERALBNK   FED BANK
14.01.2024
already the stock has done head and shoulder breakout and
took support from 13 days EMA.
for swing trade 150 to 152 is the best place to consider as per the fib retracement golden ratio level 61.8% at daily time frame
for long term holder 148 to 145 is the best place to consider as per the fib retracement golden ratio level 61.8% at weekly time frame
last year R1 (160) and this year R1 (170) is the next target.

It is just a view, please trade at your own risk. I'm not SEBI registered adviser.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.