FEDS trade ideas
Chart of the Week 23/10/21. Fedral bankFed Bank has given a breakout of its previous down trend (Yellow line) last week and this week it has managed to sustain above that. Therefore, I would recommend to buy the stock for the targets of 109 and 127. For longer term the stock is looking extremly good. However, we will take a review once it crosses 127.
Target - 109 and 127
SL - 94 Weekly.
View - Short term.
federal bank double harmonic studyAs we can see smaller pattern has been achieved at D and it has made doji or indecisive candle and if stock falls from here then we can safely long it at 89 as after breakout this line has not been retested so we can expect bounce off this line and movement has been shown with blue arrows. After taking support on this trendline at 89, bigger harmonic pattern will be active and exit your longs at 105
good day !
Note; stock may directly go towards target but will be a little risky i am not in favor of that move
multiyear trendline breakout trade!federal bank : cmp 89.85
key technical highlights :
1. multiyear trendline breakout formation .
2. consistant volume accumulation for multiple months .
3. good volume pick up at price breakout level .
trade set up :
1. buy above 90.20
2. keep stop loss as 82
3. targets : 108/124+
FEDERALBNK - Potential BreakOut CandidateThe stock has been moving within a range for quite a few months.
However, the setup in the current market and its bullish RSI levels looks ripe for BreakOut for this stock if it crosses and sustains over 90.
Expected levels are 97 and 104.
Keep a tight stop loss, probably around 86 levels once the trade is initiated. Or you can adjust basis your own risk profile.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.
Long on Federal BankFederal Bank has given a triangle pattern breakout with volume confirmation this week on weekly charts which indicates strong positive sentiments for medium and to long terms
The momentum and technical indicators all point to the possibility of prices moving higher to 110 level .
Stop loss should be maintained at 85 levels