Looks 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!!!
DISCLAIMER: 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.
I 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...
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 looks like an ABC corrective pattern
As per weekly chart is showing bullish signals. It may achieve the targets levels by the indicators strength. Vijayaraghavan Chennai.
EVERYTHING MENTIONED ON CHART FIRST LET COLORED AREA BE BROKEN IN 15 MIN. CANDLE AND PLEASE USE 30 MINUTE CANDLE FOR STOP LOSS ON CLOSING BASIS ONLY
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 5 to 10 times.
Triangle breakout and 200 DMA break out. need to check volume during the breakout...
If the price breaks the last fractal top, go long. Enter using Stop Loss limit order with the given levels in chart. ( CNC ) This buy signal automatically cancelled if another UP fractal is formed. Vice Versa for short.
NSE:FEDERALBNK intraday sell 91.65
short in case 79 breaks
TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short.
Any break of 79 with a daily close below 79 ; will lead to a heavy fall Any break of 86 with a daily close above 86 ; will test 92 Lets hope there will not be a daily close below 79