Federal BankHello friends, Thank you all for prioritizing my idea, hit the like button and also follow for new update.
Let’s talk about chart
FEDS trade ideas
Buy set up ( Up coming ) Moat think stock market is easy money , but reality is you need heard work , Proper education and You need a Confidence to trade your belief
When you trade Real Money You will understand the Pain of sitting on MTM loss , When you know you have done error You will realize Pain of Getting out with Loss of capital
When your trade runs towards target every early booking before it makes to target you will penalize your misconduct
All those errors will make you not to repeat the same errors in up coming trades if only you understand your errors correctly
But few people are completely against it , they think making money is hiring 3 to 4 telegram analyst and Take trade who is giving best on that day
They will end up losing all the Capital eventually because every trade will have some set back
The only solution to Makes things better way is to learn your self ,
This scrip is very high likely will make one more move down before it makes to equal recent high ,
One can wait for this down move to complete for entry as buy set up for this short range move
Good luck
FEDERAL BANK approaching a strong RESISTANCE @50.50DISCLAIMER: This is one of my personal view and not a recommendation.
Tomorrow, if Federal Bank crosses 50.50, it would be a good entry point for Intraday traders.
Channel Breakout Although their is breakout but the candle is not long enough which shows indecision so we will wait for some kind of confirmation
Long Position in Federal Bank (Intra and Positional)Almost breakout can be observerd.
We can wait for confirmation once trend line is broken and pull back taking support where we can take entry i.e. @ nearly 42.75
Target can be 45.65.
On a Daily Time Frame a Bullish Engulfing Pattern at down trend with high volumes from 2 days is also observed.
RSI on daily chart is at 49.23
Need to be Cautious as results for Federal will be released today.
Entry: 42.75
Intra Day Target: 45.65
Positional Target: 49.65
SL: Please adjust according to your risk appetite.
I'm a beginner trader, any suggestions or correction of wrong analysis would be helpful.
The Federal Bank Ltd. - BEARISHThe Federal Bank Ltd.
Today closed at 39.30, the stock has given a downward breakdown (below 40) from the Inverted Flag pattern.
Technical parameters look weak as of now.
Time-Trend Indicator is bearish as well.
Sentiments
Buy 28 % Sell 72 %
Derivative Option OI
Maximum Call @50 (Resistance)
Maximum Put @40 (Support)
It is likely to see more breakdown if sustains below 40 level. We might see further weakness below 35.7.
KEEP AN EYE ! #B-
A TUTORIAL ON FEDERAL BANKPOINT A - it took 14 days to reach the peak of 47
point B - it took 32 trading hours
Point C - it took more than 100 trading hours to take out the peak of A
This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower
conclusion - Do not invest in FEDERAL bank
Disclaimer - my view , my elliott view
The Federal Bank Ltd. - ANALYSISThe Federal Bank Ltd. has formed an Inverted Flag pattern in the weekly chart.
It is likely to see breakdown below swing low of 40 level.
We might see further weakness below 35.7.
Technical parameters look weak as of now. Keep a watch.
FEDERALBNK CAN GO DOWN TO 40I THINK FEDERALBNK WILL GO DOWN TO 40 REGION OF SUPPORT AS TWOMOROW IS ITS EARNING DAY SO BETTER LOOK WHAT THEY HAVE GIVEN IN THEIR DATA BEFORE ENTERING BUT I THINK IT IS GOING TO BE NOT THAT GOOD BECAUSE OF CORONA PANDEMIC SO MOST PROBABLY IT WILL GO DOWN BUT STILL KEEP YOUR EYES ON THE TREND LINE SEE IF IT BREAKS OR NOT AND ON SUPPORT ZONE TOO
TECHNICAL INDECATORS ARE BEARISH TOO
AND YES USE THE VWAP IN 5MIN TIME FRAME TO JUDGE THE BREAK OUT IF THERE IS A BREAK OUT FROM THE TREND LINE YOU SHOULD NOT ENTER BEFORE VWAP CONFERMATION IN 5MIN TIME FRAME
PLEASE TELL ME I THERE IS ANY MISTAKE I AM STILL LEARNING
Federal Bank looks promisingFederal Bank looking good to advance on weekly and daily time frames. Volumes looking good as well.
FEDERAL BANKBuy Above 48 for the target of 50/52.
Reason for buy:
1). Previously Price gets rejected when it touches near by 47.75, this time can see a strong bullish candle.
2). Consecutive higher lows
