Federalbank
Federal bank Inverse Head & ShoulderKeep this stock in watchlist.
1.Inverse Head & Shoulder pattern formed
2.Breakout with high volume .
3.Seems like there is nothing to retest.
Buy above - 105
Targets mentioned in the chart above.
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Chart8: Accumulate Federal Bank for targets of 80/100 plusNSE:FEDERALBNK
Trading Idea: Short to Medium term positional
Reason: Good cypher pattern close along with good accumulation happened btw 50 to 60 zone in Federal Bank. It is entering into demand zone .
Chart Pattern: Harmonic pattern
Targets: 80/100 plus
Stop Loss: Daily Closing basis 57
Holding Period: 6 Months
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
Federal Bank Long term ideaChart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#FEDERALBANK Potential breakout for positional betThis banking stock is consolidating forming a potential breakout from a flag kind of pattern.
The momentum on daily also has a a potential reverse divergence that is bullish if it plays out.
The momentum n=and trend indicator are bullish on all time frames. 91 could be
A good support below which could be stop loss for swing/positional trades.caution that the upside moves could
Turn out slow and treacherous since previous resistance at 110 and ash 125 level where appropriate
trailing stop loss could be applied. By the way this is big bull Jhunjhunwala invested stock.
Federal Bank break out and result supportThis is education purpose only. There is a decent break out in Federal. Those who can take risk can place order now with 1st target 124 and 2nd target 145. Actual stop loss is 82. But it is not necessary to wait still SL. You can follow trend line.
As RSI is not supporting, Those who can't take risk wait for re-test
federal bank double harmonic studyAs we can see smaller pattern has been achieved at D and it has made doji or indecisive candle and if stock falls from here then we can safely long it at 89 as after breakout this line has not been retested so we can expect bounce off this line and movement has been shown with blue arrows. After taking support on this trendline at 89, bigger harmonic pattern will be active and exit your longs at 105
good day !
Note; stock may directly go towards target but will be a little risky i am not in favor of that move