#FEDERALBANK Potential breakout for positional bet
This banking stock is consolidating forming a potential breakout from a flag kind of pattern.
The momentum on daily also has a a potential reverse divergence that is bullish if it plays out.
The momentum n=and trend indicator are bullish on all time frames. 91 could be
A good support below which could be stop loss for swing/positional trades.caution that the upside moves could
Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate
trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
The momentum on daily also has a a potential reverse divergence that is bullish if it plays out.
The momentum n=and trend indicator are bullish on all time frames. 91 could be
A good support below which could be stop loss for swing/positional trades.caution that the upside moves could
Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate
trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
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