Is the correction over in Federal Bank ??
As per Fibonacci,
78.6 % PROJECTION FROM WAVE X IS 73.2
In any case if correction is not over , it should not go much below 73
if going below 73 ., my wave count is wrong
Federal bank looks weak after reached the head and shoulder target. Support 91 is strong. if it breakdown, it may go around 84 range. It may take few weeks or upcoming week. indicators are in bearish mode only so it helps to breakdown the support level.
Stoploss: Stright line mentioned in chart keep that on closing basis