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N50-ANALYST
Mar 2, 2021 7:32 PM

Federal Bank ₹10 swing trade Long

FEDERAL BANK LTD.BSE

Description

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)

Trade closed: target reached

90 target achieved... Happy trading easy 10% return
Comments
N50-ANALYST
target 92 also achieved
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