I THINK FEDERALBNK WILL GO DOWN TO 40 REGION OF SUPPORT AS TWOMOROW IS ITS EARNING DAY SO BETTER LOOK WHAT THEY HAVE GIVEN IN THEIR DATA BEFORE ENTERING BUT I THINK IT IS GOING TO BE NOT THAT GOOD BECAUSE OF CORONA PANDEMIC SO MOST PROBABLY IT WILL GO DOWN BUT STILL KEEP YOUR EYES ON THE TREND LINE SEE IF IT BREAKS OR NOT AND ON SUPPORT ZONE TOO TECHNICAL INDECATORS ARE BEARISH TOO AND YES USE THE VWAP IN 5MIN TIME FRAME TO JUDGE THE BREAK OUT IF THERE IS A BREAK OUT FROM THE TREND LINE YOU SHOULD NOT ENTER BEFORE VWAP CONFERMATION IN 5MIN TIME FRAME PLEASE TELL ME I THERE IS ANY MISTAKE I AM STILL LEARNING
Not possible short now..its is going up for target 51-55
RoyRishu
⋅
@liseesh, i am still not sure about the upward movement
liseesh
⋅
@RoyRishu, Based on nifty the movement is going now.But the stock formed 40-42 great support. Based on market condition if positive immediately we can see at 47 Range.If sustain above 48 then breakout 50 to 55
RoyRishu
⋅
@liseesh, I don't think nifty is going to be postive at least this week it broke supports like there was nothing
liseesh
⋅
@RoyRishu, Yes based on nifty , bank nifty going but as per my view ,now it is very difficult to take trade in this volatile market.If any positive news about market India Abroad recovery will fast.Yes bank and federal bank strong base formed around 25 and 40 if it down there once can enter for huge return.
RoyRishu
⋅
@liseesh, let's observe right now we will analyse again after closing bell
liseesh
⋅
@RoyRishu, Nifty resistence 9500 plus or above.Fedbank bounce from 40.60 Major strong base. If market OK.Then movement 42,44,45,47,48 - 51-53-55
ashishmunoth5
⋅
Please share ur views on federal bank..I bought at 43 for long term..what time we should hold for 60-70% gains
Tanweerb
⋅
What's your current view of federal bank ? Is it buy or sell