ADX
Indian bank mid term view Price is above the avg line in Bandbollinger, Selling trend falling in ADX , MACD signal line crossover, RSI positive and in weekly chart Stochastic move to upward direction. These indicators and triangle breakout also helps to move up further
Targets are
284
290
304
308-310.
Stoploss: 263
Vijay,
INDITRADE, Kovilpatti.
Federal Bank short term viewBandbollinger forms a narrow range in weekly chart and Macd lines might cut on coming week. In daily chart ADX,RSI are positive. These indicators may help to break the triangle pattern.
From the trend lines(not shown in the graph) targets are
122.3
124.18
126.05
126.5
127.8
129.47
130.45
Stoploss :114.5
Vijay,
Inditrade,Kovilpatti