Bullish reciprocal on Federal BankThere is a bullish reciprocal AB=CD on Federal Bank with targets of 55.5-56
Federalbank
Federal Bank Triangle Formation Federal bank forms ascending triangle pattern in 1day view. BSE:FEDERALBNK
Currently stock is nearing the support line. Can be considered for medium term investment, price has potential to go up around mid of September month if the same pattern follows.
PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
FEDERAL BANK Trading SetupDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
FEDERAL BANK MOVING IN A TRENDPossible support and resistances are given, place targets and stop losses accordingly.
Trade in the range or wait for a breakout below the range.
federal Bank has a huge chance todayFEDERAL BANK is in its common support and resistance line. There may an uptrend or a downtrend in the start of the day and then it may follow it. Here the MACD and Moving Average has shown a crossover in the 15 mins period, so credibly an uptrend may occur.
Federal Bank - Small Bearish DivergenceFederal bank has taken support from the trend line shown and is sitting almost on it now.
The stock is showing a hint of bearish divergence which has been confirmed with the 2 downward movements on Thursday and Friday. It could very well have served the function of consolidation for large volume buying happening during the uptrend.
52 is a key level to watch for bearish breakout.
If it falls below 52 - closes below 52 on the 15 minute candle; Short trades can be initiated for targets of 51 and 50 with SL at 53.
The stock would be bullish above 54.5 indicating consolidation is complete and its open for new heights. Long trades can be initiated for targets of 56, 57, and beyond.
Behaviour of BANK NIFTY will affect the movements here so keep an eye out.
In case of Gap openings below and above the last 2 sessions high and low levels, exercise caution in taking short and long trades respectively.
Federak Bank LongSeeing good support at daily channel support + breaking trendline with bullish candle at major supply-demand zone.
FEDERAL BANK LONGLooks good above 50.5
Target 52.2, 55.8, 56.5
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
FEDERAL BANK approaching a strong RESISTANCE @50.50DISCLAIMER: This is one of my personal view and not a recommendation.
Tomorrow, if Federal Bank crosses 50.50, it would be a good entry point for Intraday traders.
A TUTORIAL ON FEDERAL BANKPOINT A - it took 14 days to reach the peak of 47
point B - it took 32 trading hours
Point C - it took more than 100 trading hours to take out the peak of A
This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower
conclusion - Do not invest in FEDERAL bank
Disclaimer - my view , my elliott view
FEDERALBNK CAN GO DOWN TO 40I THINK FEDERALBNK WILL GO DOWN TO 40 REGION OF SUPPORT AS TWOMOROW IS ITS EARNING DAY SO BETTER LOOK WHAT THEY HAVE GIVEN IN THEIR DATA BEFORE ENTERING BUT I THINK IT IS GOING TO BE NOT THAT GOOD BECAUSE OF CORONA PANDEMIC SO MOST PROBABLY IT WILL GO DOWN BUT STILL KEEP YOUR EYES ON THE TREND LINE SEE IF IT BREAKS OR NOT AND ON SUPPORT ZONE TOO
TECHNICAL INDECATORS ARE BEARISH TOO
AND YES USE THE VWAP IN 5MIN TIME FRAME TO JUDGE THE BREAK OUT IF THERE IS A BREAK OUT FROM THE TREND LINE YOU SHOULD NOT ENTER BEFORE VWAP CONFERMATION IN 5MIN TIME FRAME
PLEASE TELL ME I THERE IS ANY MISTAKE I AM STILL LEARNING
Can Federal Bank reach 52 tomorrow - Results tomorrow.Federal Bank may reach 52 for the following reasons
1) wave pattern target of wave v
2) it is 1:1 ratio of wave a from wave b
Federal bank -BullishAs per weekly chart is showing bullish signals. It may achieve the targets levels by the indicators strength.
Vijayaraghavan
Chennai.
