Buy Price - 53.50 Target 1 - 57 Target 2 -59 SL - 49.70
(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 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 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...
BSE: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...
Note: 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.
1. Breakout spotted 2. Trade on a retest or a rising gap! **trade with caution and education**
I 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...
There is a bullish reciprocal AB=CD on Federal Bank with targets of 55.5-56
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!
FOLLOW TRADE AT YOUR OWN RISK
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Possible 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 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 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...