The Federal Bank Ltd. - ANALYSIS Short

FED BANKNSE

Description

⋅ May 12, 2020 5:09 PM

The Federal Bank Ltd. has formed an Inverted Flag pattern in the weekly chart.

It is likely to see breakdown below swing low of 40 level.

We might see further weakness below 35.7.

Technical parameters look weak as of now. Keep a watch.

Comments

schandak2001

⋅ May 12, 2020 5:36 PM

U sitting on short???

Garey_Singh

⋅ May 12, 2020 5:51 PM

@schandak2001, This is a Weekly Chart Analysis for long term trend expectations. This is for the positional traders who want to invest in stocks for long term holding.
I personally don't trade in Futures for positional :) FnO are intraday tools for me. So, no sitting on SHORTS for me :)

gsrainu

⋅ May 12, 2020 11:05 PM

@TradingEdge_Academy, Traders need to understand the difference between positional and intraday trading.