Support from Lower Trend Line and 50 EMA, Closes Above 52-Week Federal Bank Finds Strong Support from Lower Trend Line and 50 EMA, Closes Above 52-Week High on High Volume
1. Strong Support Levels: Federal Bank is supported by the lower trend line and the 50 EMA, indicating a strong foundation for potential upward movement.
2. 52-Week High Breakout: The stock has closed above its 52-week high, signaling bullish momentum and potential for further upside.
3. Volume Confirmation: The breakout is supported by high volume, confirming the strength of the move.
4. ADX and MACD: ADX is indicating a strengthening trend, while MACD is showing signs of a bullish crossover, supporting the bullish case.
5. RSI Momentum: RSI is showing positive momentum, suggesting increasing buying interest and potential for further gains.
FEDS trade ideas
Bullish Federal Bank in the short term Federal Bank has a great setup for a bullish move till around 160. Good volume and price setup. It might not be immediate, but within the current week (6 Feb to 9 Feb). My analysis won't be applicable if it falls below 144.
A lot of peer stocks, i.e. stocks in the banking sector, are also looking good. One name would be IDFC First Bank, though in comparison, Federal Bank hasn't corrected as severely as IDFC First Bank.
Keep an eye on HDFC Bank. It is stabilizing at current levels (1440) and can head back up to cover a few of the gaps. When this happens, other banks may also participate in the rally.
Federal Bank 160 CE is a very low-risk trade, with a CMP of 0.75, that I MAY BUY.
Exercise caution before taking any trades. This is just for educational purposes. I may act on my analysis and may have a personal interest, though, at the time of posting this, I have no open positions in Federal Bank or IDFC First Bank. Consult with your financial advisor before taking any trades.
Federal Bank: Breakout Confirmed, Bullish Consolidation or RetesAnalysis:
The chart of Federal Bank on TradingView suggests a confirmed breakout above the 158.95 resistance level (orange dotted line), offering a potential long entry opportunity. However, recent market volatility and the price action within the chart require careful consideration.
Current Price: ₹164.70, above the breakout level
Breakout Confirmation: The recent surge past the resistance zone, accompanied by decent volume, confirms a potential trend reversal. However, the recent market weakness and the consolidation pattern visible in the chart necessitate further analysis.
Trading Strategies:
Aggressive:
Enter long only if the price breaks above the consolidation range with renewed buying volume, suggesting continued momentum. This approach requires confidence in the breakout's strength despite recent market weakness.
Set a stop-loss order below the breakout level (₹158.95) or below the consolidation range, whichever is more conservative.
Potential target prices could be ₹175 and ₹185 based on chart patterns and Fibonacci extensions.
Conservative:
Wait for a potential pullback towards the breakout level (₹158.95) or within the consolidation range.
Enter long only if the price finds support at the pullback zone and exhibits strong bullish reversal signs, such as a double bottom or engulfing bullish candlestick pattern. This approach prioritizes minimizing risk before committing.
Additional Considerations:
The stock market is inherently volatile, and recent market weakness could impact Federal Bank's momentum.
Carefully analyze the price action within the consolidation range in the image to assess its strength and potential breakout direction.
Conduct your own fundamental research to assess Federal Bank's financial health, industry outlook, and future prospects before making investment decisions.
Implement prudent risk management through stop-loss orders and appropriate position sizing.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions
Federal Bank Strong Breakout for Long TermFederal Bank Strong Breakout for Long Term
Strong Breakout
Bullish
Awesome Volume
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Flag pattern in monthly chartWhat is resisting to fedbank for going up?
I am looking for big up move pending for this share as monthly chart activated flag pattern.
Strong support 120.
Target : OPEN
SL : 118
Risk is yours and Reward is too yours.
Time Frame : 1 to 3 years, or more than it for wealth creation
federal bank inverted H&S and fib 61.8 level the golden ratio14.01.2024
already the stock has done head and shoulder breakout and
took support from 13 days EMA.
for swing trade 150 to 152 is the best place to consider as per the fib retracement golden ratio level 61.8% at daily time frame
for long term holder 148 to 145 is the best place to consider as per the fib retracement golden ratio level 61.8% at weekly time frame
last year R1 (160) and this year R1 (170) is the next target.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Looking good for long Strong financial performance:
Healthy growth: The bank has displayed consistent growth in deposits, advances, and profits. For instance, in Q1 FY24, their gross advances grew 20.9% year-on-year and net profit witnessed a beat above analyst estimates.
Controlled slippages and higher recoveries: This reflects strong asset quality management, which is crucial for investor confidence.
Focus on risk-adjusted margins: The bank prioritizes sustainable profitability over aggressive expansion, reassuring investors who value stability.
Positive market sentiment:
Bullish trend in the banking sector: The Indian banking sector as a whole has been performing well, benefiting from economic recovery and increased lending activity. This general optimism rubs off on individual stocks like Federal Bank.
Interest from prominent investors: Rekha Jhunjhunwala, wife of the late ace investor Rakesh Jhunjhunwala, holds a significant stake in the bank, which attracts other investors seeking to follow her expertise.
Strategic initiatives:
Green finance push: The bank's focus on green banking and opening branches in high-growth states like Gujarat, Maharashtra, Tamil Nadu, and Karnataka aligns with current market trends and future growth prospects.
Investment and partnerships: Recent capital infusion through QIP and preferential allotment, along with partnerships like the one with IFC, boost confidence in the bank's future growth plans.
It's important to note that the stock market is dynamic, and several factors can influence the price of any individual stock. While the reasons mentioned above provide a good overview of the recent upswing in Federal Bank's share price, it's crucial to stay informed about current market developments and conduct your own research before making any investment decisions.
FEDERALBNK | Investment Pick📊 Details
The Federal Bank Limited (‘the Bank’) was incorporated in 1931 as Travancore Federal Bank Limited. It provides retail and corporate banking, para banking activities such as debit card, third party product distribution etc., treasury and foreign exchange business.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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FEDERALBNK | NSE | INDIA | ANALYSISFEDERAL BANK has following advantage to BUY:
1. Gave break-out for the 4 year trendline.
2. The Break-Out was with good momentum.
3. The Break-Out took a retest for the conformation.
4. RSI gave a breakout for the recent forming trendline.
Advantage: Our Big Bull Rakesh Jhunjhunwala is holding this stock and he increased stake in this recently.
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
FEDREAL BANK BREAKOUT SWING IDEA Fedreal Bank shown good break out ready for a good swing opertunity
Tradesetup --
1_Basic Swing trade uptrend channel break out (1d ) TF
2_ base broken
3_ resistence broken
4_ strong volume
Where to buy ?
Buy cmp 92 to 95
keep sl 85
Targets
tp1 _ (5%) 103.90
tp2_ (10%) 109
tp3_ (15%) 114
Note '' Always Cross check with your risk aptitude and trail your sl cost 2 cost with partial bokking on targets
only buy on retest
FEDERAL BANK Long SetupFederal Bank is at a good risk taking zone for a long trade. It has support of a crucial trendline which has been in formation since almost 4 months.
Stop Loss: SL has to be below 143
Entry: Entries can be made on show of strength with good volumes
Target: Fresh Lifetime highs
Federal Bank... Keep on your watchlist.As it broke out of the 45 week consolidation zone, the stock price has formed another base from which it is gearing to break out.
A weekly close above 153 can create positive momentum for a potential positional trade.
The price has good support between 143-130.
In case of downside, the stock can find support at 120, and further down at 110-105 levels.
Note: Always trade with a strict stop loss. Not a buy/sell recommendation. Do always consult your advisor.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: FEDERALBANK
🔍 Description: Stock is in a rising channel and it might take support around support zone.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.