FEDERALBNK trade ideas
Federal BankFederal Bank has been moving in a channel . Today it saw a strong pull back due to good result and it looks undervalued. Buy if it crosses channel and 200MA with volume
Federal Bank Possible Ending Diagonal On the Daily chart the Elliott Wave analysis suggest that we have a possible formation of Ending Diagonal for W.C (Circled) of W.y .
Federal Bank Turtle TradeExpiry Projection tells to short 80 PE at 0.15 for an 800 INR gain within 2 days.
READY TO FILL THE GAP!! mint millions will like to play this in OPTIONS by buying X strike (already bought ) for target of 1:5 ( loose 1 rs , gain 5 rs )
stop loss near 86 for 93 first tARGET !! & above 93 if susutains !! one way 104 ..
Possible SHART Pattern on Federal Bank.FederalBank looks like forming the possible shark pattern. Around 70 levels, it should reverse. On the other hand, Elliottwave Wave 2(Not shown) would end at 70 level. I'd go long with 63 as SL on closing for target of 150-210 for 1 year target.
AmbujaCem, FedBank, Biocon, JubFood - recovery possibleI'm keeping a close watch on these counters. I think they are headed up.
Already did a quick BTST on Biocon and closed for a small profit.
Being Friday, shall engage with caution. However, I will keep checking for opportunity here.
Fed bank may support @86Fed bank may support @86 on closing basis.
Buy at deep with sl 86 on closing. target 92-95 within short time.
LTP 88.5.
Buy FEDERAL BANK for upside potential of 7%NSE:FEDERALBNK
After prolonged corrective move over past couple of months, the stock is attempting to reverse it trend. Stock is inching higher penetrating its multi month falling trend line. Weekly MACD remains in continuing buy mode. RSI is seen breaking out from a pattern and shows bullish divergence. OBV shows a sharp rise along with an attempt to breakout.
Federal Bank Seems Highly PricedTargets :95-88 Sell Range :115-118 Stoploss :126 Duration :4-5 weeks
Rationale :
The attached daily timeframe chart of this Private Sector-Bank participant (Federal Bank) is indicating a beginning of a sharp weakness in the stock price, which has jumped more than 50% in last six-seven months and is currently trading within 8.0% of its all time highs of 122.40 touched on 12th-June-2017.
The gradual upmove of the last 6-7 months seems to have completed, as the stock price has started to show weakness from the highs during this week.
Initial evidence of a beginning of declines is visible, as the stock price has lost momentum near Upper channel line (2 standard deviation from the median line) and trying to reverse towards its median levels.
We also observed that the stock is in course of forming a Triple Top Chart pattern with highs of 120(April 2017), 122.40(June 2017) & recent highs of 121.40 as on (July 2017), however a break below 110 could confirm the above said pattern.
On the Daily charts, A “Bearish engulfing” candlestick pattern was formed by the stock. on 26/07/2017 with rise in volumes and “Three outside down” candlestick pattern was formed on the next following day and is considered as bearish reversal pattern.
14-period weekly RSI is seen crossing below 70 levels,Bearish weekly MACD line has already crossed below signal line which is signalling bearish momentum going forward for the stock.
Based on the above technical observation, we
expect the stock price to head lower towards the mean levels in the coming months, hence suggest a Sell at CMP and at any rises (price range 115-118), stoploss is placed just above 126.
Rectangle pattern BreakoutAfter a long formation of nice Rectangle pattern it has given breakout. It has retested the channel thus offers a good trade. Risk to reward ratio is also reasonable at 2.58.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Federal bank is at crucial long term breakout retest Federal bank is at crucial long term breakout retest.
Suitable only for patient and long-term based investors.
For short term, strict SL is 85
FEDERAL BANK NEXT MOVE WATCHING...FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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LONG FEDRALBNKI hope you can now see how FEDERALBNK CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
Thanks for reading ,Good Luck , Happy trading!
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 CHART 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. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
showing signs of trading to the upper end of the box if it trades above 92.8 it will go upto 95 and 97
Hold your shorts all the parameters on daily and sweekly shsowing good amount of weakness in this chart, so chances of kgoing down to 8 6 and 83 is more on this chart
rectangle federal rectangle formation in federal bank with range of 10 points from 87.50 to 97.50 ,,,look fr a breakout on either side fr a possible 10 points reward.
Simple Rectangle TradeThe simplest method to trade in complex word is probably trading the range when price moves between two parallel straight lines. It works mostly and add some money to trading account and if not one knows the risk involved.
Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
