Federal Bank Trend Analysis !!TREND ANALYSIS
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FEDS trade ideas
Federal Bank - Will it turn Upside from around 101 level ?FEDERAL BANK - Looks scrip completed "B" leg of correction with "Expanding Triangle " pattern. Within "B"Leg , "e" larger than "c" though "e" ended below "c".
Now "C" leg down is on which could end around 101 level hope fully.
This will get confirmed once the area near 100 - 101 holds.
If "S"holds around 100 - 101 , then next leg UP towards 110 + will begin.
Validity : View negated if closes below 100 on Daily basis.
Disclaimer : I am not a certified Technical analyst. Please do your own analysis before taking any Investment/Trading decisions.
Federal bank with EMA cross and Moving average Its moving in a straight line which is something i haven seen in this stock, with the data and a little guess i'm thinking it will go up reason for this is
Federal Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 7538.78 Crore to Sales Value (77.29 % of Total Sales), Income From Investment which contributed Rs 1917.44 Crore to Sales Value (19.66 % of Total Sales), Interest which contributed Rs 200.83 Crore to Sales Value (2.05 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 95.82 Crore to Sales Value (0.98 % of Total Sales)for the year ending 31-Mar-2018.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 3260.68 Crore (2.92 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1626.20 Crore (1.48% of total assets). For the quarter ended 31-03-2019, the company has reported a Standalone Interest Income of Rs 2413.05 Crore, up 1.11 % from last quarter Interest Income of Rs 2386.62 Crore and up 23.68 % from last year same quarter Interest Income of Rs 1951.06 Crore. The bank has reported net profit after tax of Rs 381.51 Crore in latest quarter.