razultull

Bullish perfect bat in Federal Bank

Long
NSE:FEDERALBNK   FED BANK
We see a very precise Bullish Bat forming in Federal Bank. Entry points and PRZ are marked on the chart. Recommend taking a position that allows partial profit booking along the way. You want to profit first at the 38.2% retracement of the CD leg and then finally at the 61.8% of the CD leg. SL would be below the X point.
Comment: Position is active. it made a low of 111.40. Position should consist of 2 lots, we add 1 more if price arrives just above SL.