prabakaran62

Federal Bank - Will it turn Upside from around 101 level ?

NSE:FEDERALBNK   FED BANK
FEDERAL BANK - Looks scrip completed "B" leg of correction with "Expanding Triangle " pattern. Within "B"Leg , "e" larger than "c" though "e" ended below "c".
Now "C" leg down is on which could end around 101 level hope fully.
This will get confirmed once the area near 100 - 101 holds.
If "S"holds around 100 - 101 , then next leg UP towards 110 + will begin.

Validity : View negated if closes below 100 on Daily basis.

Disclaimer : I am not a certified Technical analyst. Please do your own analysis before taking any Investment/Trading decisions.