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NeeteshJain
Mar 2, 2017 4:38 AM

Federal Bank - Trend Continuation Setup Long

BSE:FEDERALBNK1D
FEDERAL BANK LTD.BSE

Description

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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

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Comment

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Stoploss changed to 85 Levels. Regards
banknifytrendcontinuationfederalbank
Comments
RanjitSahoo
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Did you hit the stoploss?
NeeteshJain
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@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
RanjitSahoo
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did
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