NeeteshJain
Long

Channel Trade Setups

BSE:FEDERALBNK   FEDERAL BANK LTD
It is been observed that the price action in both stocks trending up in the channel. They both getting high demand on the support levels or the supporting line of the channel, indicating buyers pushing up price action in a channel setup.

I shall be updating the trade calls on Monday.

Regards.
Trade active: Sintex breaks the resistance of 99 levels and now it shall reach to 102 levels.

Target: 102

SL: 98
Trade closed: target reached
Dear Neetesh - when you say hold it as an investment, what does that mean. Pls bear with my ignorance here, but your advise will be much appreciated.
+1 Reply
NeeteshJain VikasChhatwal
@VikasChhatwal, If you do a investment by looking at fundamental analysis then you plan to hold the share for a longer time, a period of 5-10+ years. But once you do investment by technical analysis then it shall be usually shorter than fundamentals like 1-2 years. Sintex is fundamentally strong and as well technical bullish therefore I would expect it to do well in coming years.
Regards
+1 Reply
VikasChhatwal NeeteshJain
@NeeteshJain, this is much clearer now. So, when we say long term investment, it runs into couple of years. Thank you so much. You are a real guru to most of the folks here.
Reply
Prinish2430 NeeteshJain
@NeeteshJain, Thanks for the information.
Reply
AGREE WITH YOU IN TOTAL . .BOTH THESE STOCKS ARE UNDER Rs 100 & ALSO THESE STOCKS ALONGWITH MANAPPURAM ARE OF HUGE POTENTIAL & CAN DOUBLE WITHIN A YEAR. .THANK YOUDEAR NEETESH JAIN
REGARDS
JAGJEET SINGH
CELL 9844429007
+1 Reply
@jagjeet1, Well said, it shall surely provide good returns with time. Thanks, Regards
Reply
gained in Sintex. Thanks a lot.
+1 Reply
NeeteshJain samarcal123
@samarcal123, Glad to know. You may also hold it as an investment too. Regards
Reply
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