FEDS trade ideas
Getting ready for a big move!!! (Must watch)Federal Bank is constricting .... very soon we may see a big move...
RSI is also in a range...
If Federal Bank gives Breakout and crosses 120 and sustain above there ... Target will be 125/137/150
and SL will be 115 .... Risk Reward ratio is perfect...
And, If it gives Breakdown (chances are less) targets will be.. 112/107/100 and SL will be 118 ...
In both the scenario Risk to Reward ratio is perfect...
wait for the clear trend direction ... and then make position... :D
Note: Do your own study before making any position...
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is federalbank in wave 3 ?(STUDY)FOR STUDY PURPOSE ONLY
look here,
from low of 42 it goes to 85 (wave 1) then retracement of 50% at 62 gives (wave 2)
now let's see wave 3 MAY end at 113(ext. of 1.618% wave 1 )BLUE line
OR at 130 (ext. of 2% of wave 1 ) PINK line (LET's wait & watch )
IF wave 4 is 50% retracement of wave 3 then comes 94(YET TO DEVELOP)
IF wave 5 1.27 ext. of wave 3 then 126/147 (YET YO DEVELOP)
(time bars for study purpose )
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Highly Bullish must be on watch list.... Multibagger pickFederal bank is continuing to break this symmetric tringle.
After the breakout it may go upto 110 levels within 2-3 weeks...Fundamentally it is good and in catagory of investment stocks..
Monthly and weekly chart are highly bullish for long term targets are 180+ ....
Short term target is 110+
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Channel Trade Setups It is been observed that the price action in both stocks trending up in the channel. They both getting high demand on the support levels or the supporting line of the channel, indicating buyers pushing up price action in a channel setup.
I shall be updating the trade calls on Monday.
Regards.