FED BANK NSE:​FEDERALBNK

Is 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

Brokerage 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 ...

Remember 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

Bullish Bat in Federal Bank Entry @ 75 with SL 72 TG1 80 and TG2 85

long till profit target...

FEDERAL BANK just an interplay of channels , fibonacci & wave counting

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Two block deal happen in two days and stock is in major support

possible support or breakdown to watch

Levels explained on chart..

watch

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.

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FEDERALBNK Next Move will be 95

Federal 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

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 .

upside

buy short time keep tight stop because overall trend in down side take care ur trade