joel-vg
Education

A TUTORIAL ON FEDERAL BANK

NSE:FEDERALBNK   FED BANK
POINT A - it took 14 days to reach the peak of 47
point B - it took 32 trading hours
Point C - it took more than 100 trading hours to take out the peak of A

This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower

conclusion - Do not invest in FEDERAL bank

Disclaimer - my view , my elliott view
Trade closed: target reached: As expected , in Federal Bank , there was a good decline.

Hope the tutorial has benefitted all

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