ParamjitMahapatro
Short

federal bank looks bearish in short to medium term

NSE:FEDERALBNK   FED BANK
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.
Trade active: going down closed at 105.30
Trade 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.
Comment: in weekly, after bouncing from the ascending channel, price moving up steadily, till now 113.60,
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