EW analysis of Federal Bank in longer time frame.
Updated
EW analysis shows it is in wave [3] in longer time frame. Currently sub wave 5 of sub wave (3) of wave [3] is going on here.
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
Trade active
fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB. Trade active
going good, till now 120.25Note
price respecting the overhead resistance. in.tradingview.com/x/TUaA3ZwC/,Note
in daily, there is a probability for abcd pattern Note
price following abcd pattern , today its up by 3%.Trade active
follow up chart on ABCD pattern Note
breakout with good volume, from horizontal resistance, now retesting the breakout level. Note
cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.Trade active
looks like flat correction is over, and regular bullish divergence formed at horizontal support 
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