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kskanth32
Jul 1, 2020 10:48 AM

XABCD Pattern Long

FEDERAL BANK LTD.BSE

Description

Seems like Federal Bank looks strong at 49.5 lvls with a stop loss at 45 below looking weak...

Aiming for a target of 54.5-59-64 lvls n soo onnnn....

Time period I can't guess but its positional not Intraday suggesstion...

Disclaimer:
I am not SEBI Registered Analyst. This is my first time plotting of XABCD Pattern on charts. Looks to me like Bullish Gartley kind off.. Its just a test trade.. So, suggest not to blindly follow my charts. If followed, one should always be able to manage risk.
Comments
kskanth32
Cmp @ 55.6 Cheers!!!
kskanth32
Double bottom n top to 54.5 (2 times tgt achieved)... Cheers!!!
kskanth32
Made a high of 54.5 lvls from yes'day... Cheers !!!
kskanth32
@HARMONICSANAND Bro.. can you please check the validity of above chart??? Pls
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