FEDERALBNK trade ideas
[Intraday] FEDBANK Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Weekly chart of Federal bank suggest a buy @ 85This is based on the book by Laurentiu - Price action breakdown
As you can see in weekly chart , it was in initial downtrend phase
In the downtrend phase there was a clear lower high , lower low pattern
The downtrend turns into an uptrend when price makes and confirms a higher low at the lower right side of the chart.
That higher low is only confirmed by the following move upwards. This way of judging a trend is powerful.
Also as written in the book , we could identify a Fair value rectangle area , where there was a confluence of value area low with value high of the falling channel
Ideal buying was in the range of 75 - which was the confluence point , after which , the stock value rose to 97 .
Now there is another buying opportunity if Federal bank falls to 85 levels.
[Intraday] Federal Bank Retracement BetBuy if that line breaks with aforesaid stop loss. Unless that line breaks don't buy.
Federal bank 15 minute chart !Is it an Expanding diagonal pattern in its final stages !
can a throw over happen ?
can Federal bank go below 85 in the near future
FEDERAL BANKFEDERAL BANK
1. MORE THAN 78% FR IS DONE
2. NOW TOOK THE TREND LINE SUPPORT
3. 23.6% FR IS ALREDY DONE
4. TARGET WOULD BE 99.05, 109.55,119.65 MONTHLY
Federal Seems a breakout from the channel it was falling after a huge distribution around 120 levels. immediate resistance 95-98 .. strong support around 80 zone.. though this stock has always be slow.
FederalBank Multi Breakouts.The stock has constructed Flag on Daily as well as for 15 min TF giving opportunity for Intraday as well as positional trade. Fib Reatracement for downside wave is almost reatraced by more than 61.8 % showing potential upside.
Federal BankHit resistance around 200EMA and channel top. If it can cross 86 it will give a good move upwards. Until then #watchlist
Ps: There seems to be some action coming in smaller private banks overall
Federal Bank short term viewRefer chart. Indicators are showing bullish signals.
Vijayaraghavan.K
Kovilpatti.
Trading in tight range and expected to break outThe trading range is closing out... and soon a break out of bear could happen..Pls give your constructive feedback on my analysis..TQ
SEE THE MAGIC BREAK OUT TOMORROWlooks like a contracting triangle which will break out tommorrow
Which side - Kindly share your views
DIAGONAL PATTERN SPOTTED IN FEDERAL BANKAs shown in the chart - a diagonal pattern is spotted in the chart
can be part of wave A
Now as part of wave B - we can see an upmove to around 85
Let us see how the next wave unfolds !!
All critics / sharing of ideas welcome
FEDERALBNK: BUY at 80.50 Target of 88 Stop loss of 77FEDERAL BANK BUY NSE:FEDERALBNK Trades on NSE with 6 times its average volumes for second consecutive day.
BUY NSE:FEDERALBNK at 80.5 Target of 88 and Stop loss of 77 on closing basis
