Inverted head and shoulder in federal bank federal bank forming a inverted head and shoulder pattern. wait for the line to be broke for a nice fall.
Federalbankshort
FEDERAL BANKNSE: FEDERAL BANK 102
-Pennant Like Formation
-Next Level To Watch 104-106-108
-Support Near 100-95-90
-Closing Basis
Federal Bank - Bull ModeFederal Bank has been trading into the triangle channel pattern for the past 2 - 3 months and now it has broken the pattern. In the chart I have mentioned the entry, stop loss and targets.
Two ways that the stock can move up.
1)Stock can move with retracements
2)If the buyers are huge stock can move violently upwards.
caution - Trade with stop loss.
Happy trading !!!
Comment you views and doubts....
Federal Bank "Uddega" Swing Trade || Daily Time Frame Hi guys,
I have been following this stock for quite some time and found this perfect opportunity where the Swing RR is more than 1.7 ! Manage your risk more than managing your profits.
Comment and Like if you like the setup & have a suggestion for the next company which you want me to analyse.
Regards,
Retail Investor (Abhishek)
