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kishoredp

Federal Bank - Bull Mode

Long
FED BANK (NSE:FEDERALBNK)  
kishoredp  
NSE:FEDERALBNK   FED BANK
Chart Patterns Trend Analysis Technical Indicators federalbank federal FEDERALBNK federalbanklong federal_bank federalbankshort federalreserve federalfundsrate federalfundrates
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chartpattern trendanalysis indicator federalbank federal federalbnk federalbanklong federal_bank federalbankshort federalreserve federalfundsrate federalfundrates
Federal Bank has been trading into the triangle channel pattern for the past 2 - 3 months and now it has broken the pattern. In the chart I have mentioned the entry, stop loss and targets.
Two ways that the stock can move up.
1)Stock can move with retracements
2)If the buyers are huge stock can move violently upwards.

caution - Trade with stop loss.
Happy trading !!!
Comment you views and doubts....
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