FEDERAL BANKNSE: FEDERAL BANK 102
-Pennant Like Formation
-Next Level To Watch 104-106-108
-Support Near 100-95-90
-Closing Basis
Federal_bank
1. Ascending triangle formation 2. Golden cross & Retested 1. Ascending triangle formation
2. Golden crossover & Retested
3. Double Bottom
4. Volume profile Support at 85.50 Rs
5. Buy above 90 on Weekly Closing for Triangle Breakout
Long
Federal Bank - Bull ModeFederal Bank has been trading into the triangle channel pattern for the past 2 - 3 months and now it has broken the pattern. In the chart I have mentioned the entry, stop loss and targets.
Two ways that the stock can move up.
1)Stock can move with retracements
2)If the buyers are huge stock can move violently upwards.
caution - Trade with stop loss.
Happy trading !!!
Comment you views and doubts....
Long