Federalbank
Federalbank ShortI hope you can now see how the Federalbnk represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
LONG FEDERAL BANK FOR TARGET OF 56 SL 49(This is purely for educational purpose, do not take trades bases on this. I am not certified Analyst. Consult your financial Advisor before making any trade related decisions. )
Long trade looking possible from the current chart levels.
Enter Between 50-51
Target 1 - 56
Target 2 - 59
Federal Bank about to come out from triangleFederal Bank is trading in a downtrend from long but currently, it entered into a triangle formation with a most probable upper side breakout. One can go long in FederalBnk Sep Fut above 52.10 keeping a strict stop loss at 50.30 which is a lower leg of a triangle breakout.
Federal Bank looking strong for upside Federal Bank has been in accumulation zone for the last 40+ trading sessions, bouncing around the 50-58 rupees range. We had a good breakout over 60 rupees last week but with the negative news in the market with AGR uncertanity and Loan Moratorium. Bank Nifty stocks have taken quite a beating in the last 3-5 trading session from the recent high.
This is likely to be the case for a few more days until the Supreme Court comes to a decision on the Loan Moratorium in the coming weeks.
Keep a note of the volume spikes seen in Federal Bank. Federal Bank is in a very good position. Verify yourselves!
Massive volume in Federal Bank on 28th AugustBSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.
Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00
Expected Federal bank to reach next level of consolidation from the next trading week.
Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.
Federal Bank - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There is an ascending triangle bullish breakout with high volume. RSI is above 70 which indicates bullish momentum but there is a possibility of consolidation/ side ways movement to RSI to cool off before the next up-move. The breach of previous swing low will act as Stop loss level.