Vijayaraghavan

Federal bank short term view again

Short
NSE:FEDERALBNK   FED BANK
Federal bank looks weak after reached the head and shoulder target. Support 91 is strong. if it breakdown, it may go around 84 range. It may take few weeks or upcoming week. indicators are in bearish mode only so it helps to breakdown the support level .
Stoploss: Stright line mentioned in chart keep that on closing basis


Vijayaraghavan,
Kovilpatti.
Trade active
Trade closed manually: From daily chart, It may go upto 103. so close your short trade. Once it reached 102, we can decide whether sell or buy.
Trade closed: target reached