Here in this chart it is clearly visible that federal bank is making a ₹10 heigher high swing and is continuously in uptrend since October 2020.
Another noticeable point here, is that the stock is taking support of the 50MA(denoted by Red line)
Short term swing traders may take entry at the level of ₹80-82 with stop Loss ₹78 on closing basis ,
for target ₹90-92
Risk/Reward is 1:3(ideal)
Another noticeable point here, is that the stock is taking support of the 50MA(denoted by Red line)
Short term swing traders may take entry at the level of ₹80-82 with stop Loss ₹78 on closing basis ,
for target ₹90-92
Risk/Reward is 1:3(ideal)
Trade closed: target reached:
90 target achieved... Happy trading easy 10% return