FEDS trade ideas
Federal Bank ₹10 swing tradeHere in this chart it is clearly visible that federal bank is making a ₹10 heigher high swing and is continuously in uptrend since October 2020.
Another noticeable point here, is that the stock is taking support of the 50MA(denoted by Red line)
Short term swing traders may take entry at the level of ₹80-82 with stop Loss ₹78 on closing basis ,
for target ₹90-92
Risk/Reward is 1:3(ideal)
FEDERALBNK chart analysis for 1st Mar 2021 [READ THE DESCRIPTIONFEDERALBNK chart analysis for 1st Mar 2021
READ THIS: NONE of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency: https://trading (DOT) kaivalya (DOT) digital.
3. If (or when) the stock moves 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
Technical Analysis -federal bankThis analysis is only for educational purpose
This stock is continuously in uptrend as it is making heigher high , it has been seen that after every new high the stock slides for ₹8-9 to make new lower high... So from the level of 88 the stock has corrected almost 10% viz ₹9 , the stock is trading at the support of the trend line at ₹80 and there is a heigher possibility that from here it will make new heigher high with a target of ₹95.. Stop loss is very small here of ₹76 i.e ₹4... Risk reward is around 1:4
Convergence Of SMA and EMA This is the crossover of SMA and EMA, the moment there is a consolidation of the price, then all SMA, EMA will converge. Post convergence of EMA and SMA the Stock will be multi-bagger. We can reverse test it. In some cases, all ema's and sma's will not converge but if the ema's converge with sma's 50. And 100 SMA cover over 200 SMA then also we can buy.
Fedral Bank hourly chart . ascending megaphone breakout.As shown in the chart, price closed above the resistance line of the ascending megaphone. Typically, this pattern gives downward breakout but in this bull run, it gave upward breakout. No matter, weather it is regular breakout or failure of pattern ...... close above breakout is there. target is near the magic figure Rs 100.
Breakout in Federal bank.Disclaimer :- This is not any buy or sell recommendation. This is just my personal view on this counter.
There is a breakout generated in Federal bank on daily chart.
Levels as below :-
1st Target :- 88.00
2nd Target :- 93.00
3rd Target :- 96.00
Stoploss :- 70 on closing basis.