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Vijayaraghavan

Federal Bank short term view

Long
FED BANK (NSE:FEDERALBNK)  
Vijayaraghavan Updated   
NSE:FEDERALBNK   FED BANK
Trend Analysis Chart Patterns Technical Indicators federalbank Technical Analysis ADX bandbollinger BANK
2
0
trendanalysis chartpattern indicator federalbank technicalanalysis adx bandbollinger 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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