I am a beginner.... Just let me know your comments so that I can improve.. Thanks in Advance !
Explained on chart! Target 1: 105.20 Target 2: 103.75
Buy Federal Bank above 111.75 for target 114 and 120 with SL of 107
Lot of stocks bounces from 200 EMA levels. This has rightly taken support here. Lets watch if there is good buying coming at this level
We see a very precise Bullish Bat forming in Federal Bank. Entry points and PRZ are marked on the chart. Recommend taking a position that allows partial profit booking along the way. You want to profit first at the 38.2% retracement of the CD leg and then finally at the 61.8% of the CD leg. SL would be below the X point.
You can check that federal bank has given breakout on Rectangle . You can go long once it retest the breakout line .
Federal Bank is currently hovering over its support. Bought November futures at 120.3
Betting on the retracement. 122 is the support. Low Risk : High Reward Bet
119-121 zone which initially acted as resistance converted to supported from the closure of 26/10/2017's candle. Can go long expecting retracement of the fall from 127 Wait for confimation of breaking 121 barrier before going long. Will add target details once trade confirms
Fedbank short based on descending Channel
Scrip after company showing good Q2 results and beating estimates, has managed to see breakout with good volume but bullish surge confirmation is yet awaited as Doji star has appeared on top of the bullish engulfing candlestick Doji star indicate neutrality in price and indecision amongst traders and can be said to be sign for trend reversal so waiting for...
Federal bank is coming out of long consolidation ans showing signs of bullishness. The stock has retraced up-to 38.2% and moved up. One can long at 116 level with SL at 112 for a target of 137 which is 23% extension of the current trend.
Red section suggests INVERSE HEAD and SHOULDERS implying an increase in price ! But the PURPLE one suggests a decrease should be on cards tomorrow. What do you peeps say ? I say it will decrease because expiry is coming and people will try to book profits ! I need inputs. new to PAT !
Everything mentioned on chart...
On daily Chart, Stock has managed to close above strong Supply Zone, It has also given Breakout on H&S Pattern. Buy at CMP and Dip till 121 SL 115 Target 130/136/144
very strong continuation pattern can buy for 140 level and more
my study -one more bank stock showing potential to move up