BULLISHNESS IN ALL THE FORMATS.
SEEMS TO BE REACH TARGET OF 120 IN THE COMING WEEKS.
IT HAS TO CROSS 108.6, WHICH IS DOUBLE TOP AT THE PRESENT.
ONCE THE ABOVE PRICE IS CLEARED THEN ONE MAY CONSIDER ENTERING LONG.
Federal Bank has been a deep correction since Oct' 17. This correction may have ended as a double combination correction. The possibility that the double combination correction may evolve as a triple combination correction has been eliminated as the prices have crossed the crucial 105 level which was the high of the X-wave of the double combination correction.