Simple price action showing the change in trend
CUP AND HANDLE PATTERN IS ON THE WAY ..PATTERN WILL BE CONFIRMED IF IT GIVES BREAKOUT AND SUSTAINS..PRICE IS TRYING TO BRTEAK THAT RESISTANCE LEVEL...STRONG MOMENTUM IS VISIBLE..FOR LEARNERS..GOOD STUFF TO OBERVE
FEDERAL BANK LONG TERM PATTERN ENTRY AROUND 85 TO 88 TARGET 110 AND ABOVE TIME PERIOD 2 TO 4 MONTHS SL 76
BFSI is Underperforming sector. Daily TF Cup and Handle Formation with Volume Expansion. D and W RSI supportive MA In trend. Info Federal Bank Limited is a major Indian commercial bank in the Private Sector, headquartered in Aluva, Kochi. The bank has more than 1,200 branches spread across different states in India
FEDERAL BANK HAS BEEN MOVING LIKE IDFC FIRST BANK CUZ MOMENTUM IS DEPRECIATED BY BANK NIFTY. NOW BANK NIFTY IS SHOWING SOME POSITIVITY. SO CAN EXPECT THIS STOCK TO GO TO 95 IN SHORT TERM.
Stock has given breakout from cup and handle pattern. Buy above 91 TGT 8 to 10% SL 84. For educational purpose only. Kindly contact your financial advisor before entering any trade.
A weekly close above this trendline might open further upside.
FEDERAL BANK Buy Above 89 Target T1- 197.5, T2 -110 stoploss @ 80
Add in you watch list, federal bank triangle breakout and resistance breakout. Support and resistance mentioned.
According to chart anylasis its trade in parallel channel after give a solid breakout With increasing volume upper trandline and today also closed above tradeline. We can suggest for buying at this level. Buy @cmp 90 or above. Target : 95,100, 110++ short term target.
Positional Trade: Federal Bank Breaks out of a cup and handle pattern. CMP: 90 Target 1: 100 Target 2: 105 Stop Loss: 85
As shown in Chart Fed Bank has given Cup and handle breakout in multiple time frame with very good volume ... Levels are already mentioned in the chart.. Looks very good above : 92.50 for the target of 120+ Things to remember 1) Always wait for Confirmation, dont just jump in running candle 2) Condition for breakout is ... it should break the range with...