Elliott wave 15 minute chart of Federal Bank
Buy federal bank @ 109 TARGET 140 SL 100
Federal Bank has been trading in uptrend channel it closed with bullish sign and seems to be approaching channel resistance around 93 in near term.
It is been observed that the price action in both stocks trending up in the channel. They both getting high demand on the support levels or the supporting line of the channel, indicating buyers pushing up price action in a channel setup. I shall be updating the trade calls on Monday. Regards.
It is been observed that the price action is trending up on the daily chart and reaching above the 52w highs. Now, it is taking support at 86.50-87 levels and moving up again, indicating a trend continuation trade setup. Target: 91 Stoploss: 87
Federal Bank NSE:FEDERALBNK shows a double top in daily chart. Consider a short position with a near term target of 80.50 CMP: 85.25 Target : 80:50 SL : 88 Regards Bibin
It is been observed on Daily Chart that the price action breaks and closes below support zone of 66-65 levels indicating sellers dominance over price action. Now, it shall move further down to the next support zone at around 60-61 levels. Target 1: 63 Target 2: 62 Stoploss: 65
Check the annotation in the chart.