MarketVidya

Possible SHART Pattern on Federal Bank.

Long
BSE:FEDERALBNK   FEDERAL BANK LTD
FederalBank looks like forming the possible shark pattern. Around 70 levels, it should reverse. On the other hand, Elliottwave Wave 2(Not shown) would end at 70 level. I'd go long with 63 as SL on closing for target of 150-210 for 1 year target.

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