Federal bank on daily chart looking bearish. After the recent rally it is facing upper trend line and the resistance. It can test 58-61 levels.
POINT A - it took 14 days to reach the peak of 47 point B - it took 32 trading hours Point C - it took more than 100 trading hours to take out the peak of A This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower conclusion - Do not invest in FEDERAL bank Disclaimer - my view , my elliott view
please check the following observations on the chart!!!
Drawn the levels............lets see the game
Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month ) Congratulations to all those who analysed and traded well Every trader has strengths and weakness. “You have to learn the rules of the game. And then you have to play better than anyone else ”-albert einstein Now coming to the analysis , The up-move...
Is it an Expanding diagonal pattern in its final stages ! can a throw over happen ? can Federal bank go below 85 in the near future