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
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FEDS trade ideas
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 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!