FEDS trade ideas
FEDERAL BANK WEEKLY CHART PLAYING WITH CHANNELSFEDERAL BANK
just an interplay of channels , fibonacci & wave counting
FEDERAL BANK DAILY WAVE COUNT - BUY AS INVESTMENTIs the correction over in Federal Bank ??
As per Fibonacci,
78.6 % PROJECTION FROM WAVE X IS 73.2
In any case if correction is not over , it should not go much below 73
if going below 73 ., my wave count is wrong
FederalbankFederalbank. Go long. CnH. Need to BO with volume. 2-3 yrs time frame for target of 2 times.
If Breaks down below 75 pattern is invalid. SL-75 on closing basis
Federal Bank Bounce SetupIt fell on the news that it will get impacted with Kerala Flood but in reality, it won't! Let's bet on the swing!
Federal Bank Investment Idea - Kerala Flood EffectBrokerage Emkay Global said Federal Bank remains at major risk due to this unforeseen event with 34% of lending and 64% of deposits directly linked to the state. But 62% of Kerala-based deposits are contributed by the bank’s NRI customer base and of the Kerala-based lending book, 51% was corporate, 28% towards SME/MSME and 21% were to the retail segment.
This stock will likely to stay rangebound for next quarters giving us ideal swing trades! The Federal bank currently has suppressed ROA and ROE due to aggressive provisioning. If we take that into our forward pricing. It is trading at a very attractive price.
This trading diary of mine will cover the aspects of the covered call method I generally impose to hold shares in terms of the derivative investments. However, the trader's eye should be on this chart -
FEDERAL BANK Weekly wave countRemember that all wave counts are work in progress & are meant to aid trading
I use Elliott wave count to help in my trading, not to verify if i am right or wrong ...
i am willing to accept i could be wrong & knowing before hand what i will do when i am proved wrong...
The only thing that are guaranteed in life are Death & taxes.......
critics welcome
fedbankmomentum play
seems it will break previous swing high of 90 and will try to hit gap
trade with 86 sl
BUY FEDERAL BANK AS PER ELLIOTT WAVE (WEEKLY & DAILY CHART)Federal bank was a buy around 75 (as told in my last month post on june 6th)
& the entry level came 13th july when we got the entry range
let us see the picture ahead
i shall draw the chart afresh
Disclaimer - i am a student of elliott wave & this is just one possibility which i see . i can be wrong , to forgive is divine.
Federal BankFederal Bank has been moving in a channel . Today it saw a strong pull back due to good result and it looks undervalued. Buy if it crosses channel and 200MA with volume
Federal Bank Possible Ending Diagonal On the Daily chart the Elliott Wave analysis suggest that we have a possible formation of Ending Diagonal for W.C (Circled) of W.y .
Federal Bank Turtle TradeExpiry Projection tells to short 80 PE at 0.15 for an 800 INR gain within 2 days.
