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MAYA_MUMBAI
Feb 14, 2019 9:10 PM

Can Federal bank go below 67 ? An elliott wave perspective ! Education

FED BANKNSE

Description

Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month)
Congratulations to all those who analysed and traded well
Every trader has strengths and weakness.

“You have to learn the rules of the game. And then you have to play better than anyone else”-albert einstein

Now coming to the analysis ,
The up-move looks to me as an ABC correction unless the market proves otherwise
However , Federal bank is presently @ a demand zone where some consolidation can take place

But who knows, that may change…

Waiting for the critical comments from esteemed users
Comments
NAVEDA_TRADING
UnknownUnicorn3839078
70 to 75 major support zone in FED BANK.
French_Fries
Maya and Mumbai I kinda liked that username.
MAYA_MUMBAI
@French_Fries, thanks , Jai Maharashtra!
joel-vg
“In the business world, the rear-view mirror is always clearer than the windshield.”
MAYA_MUMBAI
@joel-vg, true,

Females do use rear view mirror a lot
VijayGeorge
“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” – Warren Buffett
MAYA_MUMBAI
@VijayGeorge,

Nothing to lose , nothing to forget :)
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