FEDERALBNK Buy opportunity at 49
Updated
I will go LONG on FEDERALBNK because:
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 49
Target - 57
Stop loss - 47.5
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 49
Target - 57
Stop loss - 47.5
Trade closed: stop reached
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