FEDERALBNK trade ideas
Massive volume in Federal Bank on 28th AugustBSE:FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.
Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00
Expected Federal bank to reach next level of consolidation from the next trading week.
Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.
Federal Bank - Ascending Triangle bullish breakoutNote: This is for educational purpose only.
There is an ascending triangle bullish breakout with high volume. RSI is above 70 which indicates bullish momentum but there is a possibility of consolidation/ side ways movement to RSI to cool off before the next up-move. The breach of previous swing low will act as Stop loss level.
Super bullish - still retest possible. Price as expected took support at 50 levels and now trading at 60 levels meanwhile it breaks the big resistance levels and looking super bullish. But I am expecting a retest to the resistance level and break again to form new high.
Good to enter at retest levels only, not the time to enter buy trade in this levels.
Again it's a clear breakout on high volumesFEDERALBANK BUY@60, TARGET@67, SL@56
Here is a chance of retesting once @58 level so buy from 58 or if it takes a good momentum after the start of market then buy from CMP
It is a swing trade so the target is mostly achievable in a couple of days...or else you can also go for futures long according to your risk appetite.
All the best guys.
-MOHIT RAJANI
Federal Bank: A breakout! 1. Breakout spotted
2. Trade on a retest or a rising gap!
**trade with caution and education**
BUY NOW ENJOY LATERThe ascending triangle patterns implies a good upper momentum in this stock soon with regards to the volume increment.
As well as this stock was underperforming for a while but it's back on track.
This breakout will result in huge upwards momentum.
IDEAL LEVELS for going long is 57.20
with a SL of 52.20
For further guidance and assistance leave a comment below
Trade set up One can look for trading this move in Cash Only , NO F & O , and buy set up is Brake of 15 Mints Green candle and trail your stop once price move away
Book when you are comfortable
Federalbnk ShortI hope you can now see how the Federalbnk represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Federal bank-CUP and Handle formation Federal bank (53.90) 30 min chart suggests a CUP and Handle formation. If pattern completes, bullish breakout to target 60. Will be Buying with Support 53 for targets 56 , 60
Bullish reciprocal on Federal BankThere is a bullish reciprocal AB=CD on Federal Bank with targets of 55.5-56
#FEDERALBANK CASH : LOOKS GOOD AROUND 53.25-54#FEDERALBANK CASH - Positional call
09.08.2020
LOOKS GOOD AROUND 53.25-54
STOPLOSS 52
TGT 58
(ONCE CLOSE ABOVE 58..
CAN GO 64-65 WHICH IS STRONG RESISTANCE)
SO Buy n hold it for 64-65 levels too SL 48
Cmp 54.60
[ Positional ] FEDERALBNK BREAKDOWN SHORT SETUPLong Trade was based on Range Bound Setup which didn't trigger instead it made a breakdown so cancelled Long and Going Short
Rest as per charts
[ POSITIONAL ] FEDERALBNK BUY SETUPBETTING ON TRENDLINE'S RANGE BOUND MOVEMENT
RISK REWARD RATIO IS 1 : 2
REST AS PER CHARTS
FEDERAL BANKSHORT TERM TARGET
T1 -> 60
T2-> 66
NOTE:- ONLY IF BANK NIFTY HOLD ABOVE 21,500, SWING TRADE ONLY.
DATE OF PUBLISH 23 JUN 2020
Federal Bank Triangle Formation Federal bank forms ascending triangle pattern in 1day view. BSE:FEDERALBNK
Currently stock is nearing the support line. Can be considered for medium term investment, price has potential to go up around mid of September month if the same pattern follows.
PS: this post is for educational purpose only! Remember stock market is Zero Sum Game! Trade @your own risk!
Federal bank longIf It break 60 with volume then next target is 65 may be in next month. Open interest at 60 is high in this month series.
