Fed on Weekly Timeframe.
Gave breakout with good volumes.
Eyes on this one.
Q2 Results will also impact it so a little bit risky setup.
This post is for information purpose only.
This banking stock is consolidating forming a potential breakout from a flag kind of pattern.
The momentum on daily also has a a potential reverse divergence that is bullish if it plays out.
The momentum n=and trend indicator are bullish on all time frames. 91 could be
A good support below which could be stop loss for swing/positional trades.caution that the...
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
As per line chart stock trading at lifetime risk reward favorable keep eye on radar anticipated up to 100 within few days bank nifty have to outperform ...
Levels as mentioned on the chart with probable Price Action to follow....
Be Proactive Trader
Better Insight, Better Trade Execution
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG''
"Always Respect Risk"
Happy Trading
Jai Hind
This is education purpose only. There is a decent break out in Federal. Those who can take risk can place order now with 1st target 124 and 2nd target 145. Actual stop loss is 82. But it is not necessary to wait still SL. You can follow trend line.
As RSI is not supporting, Those who can't take risk wait for re-test
![FEDERALBNK: [ INTRADAY ] FEDERALBNK SHORT BET](https://s3.tradingview.com/w/W1bhwstb_mid.png "[ INTRADAY ] FEDERALBNK SHORT BET")
