NeeteshJain

Federal Bank - Trend Continuation Setup

Long
BSE:FEDERALBNK   FEDERAL BANK LTD
It is been observed that the price action is trending up on the daily chart and reaching above the 52w highs. Now, it is taking support at 86.50-87 levels and moving up again, indicating a trend continuation trade setup.

Target: 91

Stoploss: 87
Trade active
Comment: Stoploss changed to 85 Levels. Regards

Comments

Did you hit the stoploss?
Reply
NeeteshJain RanjitSahoo
@RanjitSahoo, It did hit the said stop loss twice but it has till not changed the trend. It is an uptrend. It can be bought on every dip. Regards
Reply
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