A small Short !! Short

FED BANKNSE

Description

⋅ Feb 3, 2017 6:40 AM

Federal Bank NSE:FEDERALBNK shows a double top in daily chart. Consider a short position with a near term target of 80.50
CMP: 85.25

Target : 80:50
SL : 88

Regards
Bibin

Trade closed: target reached

⋅ Feb 15, 2017 7:08 AM

federalbank

Comments

jacktheGREAT

⋅ Feb 3, 2017 5:44 PM

I'm holding from 49.50
Should I add more at 80? Or shift to another stock ?
My view is long term. 1yr

bibz4trade

⋅ Feb 3, 2017 7:18 PM

@jacktheGREAT, Just see the monthly chart view and make your decision

Regards
Bibin

jacktheGREAT

⋅ Feb 4, 2017 2:26 AM

@bibz4trade,
Thank you:-)

bibz4trade

⋅ Feb 15, 2017 7:43 PM

@jacktheGREAT, Bank nifty showing some weakness, wait for for a reversal signal if you have a plan to accumulate.

Regards
Bibin