federal bank looks bearish in short to medium term
Updated
In daily, first it broke the horizontal support, then moved up to touch the broken support, now acted as a resistance, and price moving down, after touching the horizontal resistance and trend line resistance.
sl - 113, 1st tgt - 103.
after a long consolidation, BB expansion and BB is moving down.
Note: this is not a fno call, I am sharing my view only.
sl - 113, 1st tgt - 103.
after a long consolidation, BB expansion and BB is moving down.
Note: this is not a fno call, I am sharing my view only.
Trade active
going down closed at 105.30Trade closed manually
long term trend is quite bullish here, in weekly, it is near ascending channel support.It is better to close the short position here.
Note
in weekly, after bouncing from the ascending channel, price moving up steadily, till now 113.60, 
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