Long Federal BankThe stock has formed an inverse head and shoulder pattern. One can think of going long the risk reward ratio is also good. The stock is consolidating so one can think of going long post a breakout.
FEDS trade ideas
FEDBABNK ContinuationAfter a retest at the neckline the stock is gradually moving to its tgt of 110-115. Keep stops if closes below the red neckline
Inverted Head and Shoulder pattern is forming in Federal Bank This Pattern has not been formed yet. Once it completes the right shoulder, it should start moving up.
Shortterm Idea : Federal Bank LongFederal bank has imbalance in the favour of Buyers. Expect Price to hit 97/108 to complete the N Wave Structure. CMP 91.35
FEDERAL BANK - Likely to drop to 88-86 level before next uomove.FEDERAL BANK could drop to 88 - 86 level in coming days if fail to close above 94.5 .
Looks 1st Leg of Impulse move from 78.2 is coming to an end.
If fail to move past 94.5 , will drop to 88 - 86 FR levels and likely to
consolidate over a period of 9-10 days before next Upmove which will take the
scrip to 102 level .
BSE:FEDERALBNK
Note: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment decisions.
long fed bankas per price and time symmetry in next 4 weeks 107-111 price band is seems coming.with a stop loss below 86.20 spot.
FEDERALBN BUY to continue as per the LongBuyLongSellIndicatorFor me LongBuyLongSellIndicator auto script has matched very perfectly with Federal Bank price move .
From July to till today this is the one indicator which has predicted right BUY and Right Short entry and the exit too.
In the recent bull rally price is moving excellently up and i see the price trend will continue further up 20Rs easily we can get from the current price is what i could infer from the chart.
Long Means Blue candle and BackGround Green
Short Means Black candle and BackGround Red
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