The stock trading at its previous years all time highs of october 2017
On weekly time frame WTF
If the stock break its levels of 128 at closes it above on WTF
then we have to wait for some consolidation on that level and breakout
then there was a good entry point in this stock
ALWAYS FOLLOW YOUR TRADING & R:R RATIO
HAPPY TRADING NSE:FEDERALBNK
we can see it"s a high probability trade because it has formed 3 bullish patterns in multiple time frames with that it has already achieved 42% of the target and we can still expect 10-12% more .
I am expecting a retest at 1 hour channel pattern and goint to enter with a risk of 2.5% and a reward of 12%-14%
1- technical chart patterns in our favour.
2- multi...
The stock trading at crucial level if its break the resistance 322 EOD
Then we can initiate a good move in this stock wait for clossing EOD
If stock breaks the level then it is good stock to buy for both time frame DTW & WTW
Always follow Your R:R Ratio
HAPPY TRADING
