FEDERALBNK - Potential BreakOut CandidateThe stock has been moving within a range for quite a few months.
However, the setup in the current market and its bullish RSI levels looks ripe for BreakOut for this stock if it crosses and sustains over 90.
Expected levels are 97 and 104.
Keep a tight stop loss, probably around 86 levels once the trade is initiated. Or you can adjust basis your own risk profile.
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Federalbank
Breakout in Federal Bank...Chart 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.
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....
FEDERAL BANKFederal bank has given good breakout along with good intensity of volume in both daily and weekly time frames, all indicators are suggesting bullishness ahead,
one can go long in this stock along with key levels mentioned on chart.
key levels
breakout with volume in weekly
breakout with volume in daily
inverted head and shoulder breakout in daily
macd in weekly turned bullish
macd in daily positive uptick and above zero line
rsi in weekly above 60 and uptick
rsi in daily above 70
upper bbc in weekly
upper bbc in daily
dmi adx in weekly positive ungali setup
dmi adx in daily positive ungali setup
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
federal bankshare name : federal bank
prediction :
- share is forming head and shoulder pattern
on larger time frame - montly
- 110 is the huge resistance for the share b
- in past we can see a massive fall from 110
- if share fall again from 110 we can
see support around 67(right shoulder)
- we can initatite a buy around 67 with sl
of 60 max - targets 180 (max)
Federal Bank looking good touch 100rsfederal bank has been everyone's watch out for the pat 4 months since its been trying to cross the 90 support range, if HDFC crosses its support, then federal bank will cross the support as the big bank will move the bank nifty which eventually pushes the small bank to its top. have a watch on it.
FEDERAL BANK DOWN TREND BONSE:FEDERALBNK is facing multiple Resistance on Weekly Chart.
Currently trading near its long Down Trend Resistance level.
Also stock is taking support on 50 EMA (Week).
Stock is poised at crucial point now.
If Federak Bank gives BO from its Trend line Resistance & sustains, then we can see a Fresh long term upmove in stock.
FIrst target of upmove will be 95 & second target 110 on positional basis..
But if it fails to give BO then can fall till 50 EMA support (78) and further (70)..
Alwyas Trade with proper Stop Loss
**Educational Purpose
Federal bank - Triangle pattern breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Federal Bank Cup and Handle BreakoutAs shown in Chart Fed Bank has given Cup and handle breakout in multiple time frame with very good volume ...
Levels are already mentioned in the chart.. Looks very good above : 92.50 for the target of 120+
Things to remember
1) Always wait for Confirmation, dont just jump in running candle
2) Condition for breakout is ... it should break the range with big green candle with good volume
3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance
4) Always keep trailing Stop loss.
Note : I am still learning .. let me know if i missed anything
Disclaimer : This is purely for education purpose only
Federal Bank - LongFederal Bank - Long
Buy : ₹ 86 - ₹ 84
Target: ₹ 88.25, ₹ 89.45, ₹92.55, ₹ 94.6
Support: ₹ 84.35 , ₹ 81.20
Once the Bank Nifty is reversing upward, this stock will also rise up.
Invest and Trade Wisely! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***