FEDERALBNK - Bounce or Break

NSE:FEDERALBNK1W

FED BANKNSE

Description

⋅ Jul 30, 2019 7:55 AM

Federalbank - weak below 91.5. bounce or break mode.

Comment

⋅ Jul 31, 2019 8:33 AM

Break it is. Resistance is at 93-94. SL 94 for 80/78

Trade active

⋅ Aug 13, 2019 8:05 AM

Low 83.6. Near to reach T1

Trade closed: target reached

⋅ Aug 22, 2019 9:41 AM

80 done. Trade closed. Will identify trades like this :)

Trend Analysis Chart Patterns

Comments

Ratnaprasad

⋅ Jul 30, 2019 3:03 PM

in W chart it tested 2 fibo levels 1 AT 80.46 and 2 nd one at 90.7 .Now it wil test the 3 rd fibo I think. it is uptrend only in my opinion.Pl correct me if I am wrong

csk

⋅ Jul 31, 2019 8:30 AM

@Ratnaprasad, Market entered bearish phase, next support should be taken around 78-80

manish_s

⋅ Jul 30, 2019 1:04 PM

looks bounce as per chart n trendline. but shall follow & move as market moves.

csk

⋅ Jul 31, 2019 8:32 AM

@manish_s, do not buy these bounce, it is going to head south

joel-vg

⋅ Jul 30, 2019 8:23 AM

Yes, you got this at the correct time , i am also watching , its make or break time

csk

⋅ Jul 31, 2019 8:30 AM

@joel-vg, break it is :)