Federalbank
FEDERAL BANK FEDERAL BANK Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
FEDERAL BANK , Fibonacci Retracement levelsI would greatly appreciate , if you give me LIKE .
Follow NEVADA TRADING
Idea is for positional trading not Intraday trading.
Can Federal bank go below 67 ? An elliott wave perspective !Federal bank recently gave an up-move from 67 to 97 (more than 45 % up move in a short duration of 3 month )
Congratulations to all those who analysed and traded well
Every trader has strengths and weakness.
“You have to learn the rules of the game. And then you have to play better than anyone else ”-albert einstein
Now coming to the analysis ,
The up-move looks to me as an ABC correction unless the market proves otherwise
However , Federal bank is presently @ a demand zone where some consolidation can take place
But who knows, that may change…
Waiting for the critical comments from esteemed users
Weekly chart of Federal bank suggest a buy @ 85This is based on the book by Laurentiu - Price action breakdown
As you can see in weekly chart , it was in initial downtrend phase
In the downtrend phase there was a clear lower high , lower low pattern
The downtrend turns into an uptrend when price makes and confirms a higher low at the lower right side of the chart.
That higher low is only confirmed by the following move upwards. This way of judging a trend is powerful.
Also as written in the book , we could identify a Fair value rectangle area , where there was a confluence of value area low with value high of the falling channel
Ideal buying was in the range of 75 - which was the confluence point , after which , the stock value rose to 97 .
Now there is another buying opportunity if Federal bank falls to 85 levels.
Federal bank 15 minute chart !Is it an Expanding diagonal pattern in its final stages !
can a throw over happen ?
can Federal bank go below 85 in the near future
Federal Bank short term viewRefer chart. Indicators are showing bullish signals.
Vijayaraghavan.K
Kovilpatti.
bank nifty IMPORTANT levels on different FRAMES all levels are important and taken from different frames , one can draw an own conclusion from the above
SEE THE MAGIC BREAK OUT TOMORROWlooks like a contracting triangle which will break out tommorrow
Which side - Kindly share your views
FEDERALBNK: BUY at 80.50 Target of 88 Stop loss of 77FEDERAL BANK BUY NSE:FEDERALBNK Trades on NSE with 6 times its average volumes for second consecutive day.
BUY NSE:FEDERALBNK at 80.5 Target of 88 and Stop loss of 77 on closing basis
FEDERALBANK possible breakout :)Buy above 82 with SL 79.75 consider Target 90.05
Follow strict stop loss :)
Short on Federal bankAbout to break the upper trend-line and short will get initiate after the breakout.
Trade:
Short zone - 79.15 to 79.00 with the SL of 80.20
Target levels - 78.45 / 77.70 / 76.80
FEDERAL BANK DAILY WAVE COUNT - BUY AS INVESTMENTIs the correction over in Federal Bank ??
As per Fibonacci,
78.6 % PROJECTION FROM WAVE X IS 73.2
In any case if correction is not over , it should not go much below 73
if going below 73 ., my wave count is wrong
FederalbankFederalbank. Go long. CnH. Need to BO with volume. 2-3 yrs time frame for target of 2 times.
If Breaks down below 75 pattern is invalid. SL-75 on closing basis
Federal Bank Possible Ending Diagonal On the Daily chart the Elliott Wave analysis suggest that we have a possible formation of Ending Diagonal for W.C (Circled) of W.y .
