Federal Bank short term view

Oct 14, 2017

Bandbollinger forms a narrow range in weekly chart and Macd lines might cut on coming week. In daily chart ADX,RSI are positive. These indicators may help to break the triangle pattern.

From the trend lines(not shown in the graph) targets are

122.3
124.18
126.05
126.5
127.8
129.47
130.45
Stoploss :114.5

Vijay,
Inditrade,Kovilpatti

Oct 16, 2017

Note

First target reached.

Oct 16, 2017

Note

Second target reached 124.15

Oct 16, 2017

Note

Technical + Fundamentals(Good Q2 results) help to move further in coming days..