FEDERAL BANK LTD.Short
Technical Analysis -federal bank
This analysis is only for educational purpose
This stock is continuously in uptrend as it is making heigher high , it has been seen that after every new high the stock slides for ₹8-9 to make new lower high... So from the level of 88 the stock has corrected almost 10% viz ₹9 , the stock is trading at the support of the trend line at ₹80 and there is a heigher possibility that from here it will make new heigher high with a target of ₹95.. Stop loss is very small here of ₹76 i.e ₹4... Risk reward is around 1:4
This stock is continuously in uptrend as it is making heigher high , it has been seen that after every new high the stock slides for ₹8-9 to make new lower high... So from the level of 88 the stock has corrected almost 10% viz ₹9 , the stock is trading at the support of the trend line at ₹80 and there is a heigher possibility that from here it will make new heigher high with a target of ₹95.. Stop loss is very small here of ₹76 i.e ₹4... Risk reward is around 1:4
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