Vijayaraghavan
Long

Federal Bank short term view

NSE:FEDERALBNK   FED BANK
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
Comment: First target reached.
Comment: Second target reached 124.15
Comment: Technical + Fundamentals(Good Q2 results) help to move further in coming days..
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