Federal Bank... Result out. Hurdle at 123. Break and close above 123 will take to 128---132+++ mark in days to come Support and stop loss below 116.00 on closing basis.Federal Bank - (very strong results + asset quality improves) Net Profit at Rs 263.7 cr Vs Poll of Rs 251.6 cr NII at Rs 899 cr Vs 861.10 cr Impact : Positive
Bandbollinger forms a narrow range in weekly chart and Macd lines might cut on coming week. In daily chart ADX,RSI are positive. These indicators may help to break the triangle pattern. From the trend lines(not shown in the graph) targets are 122.3 124.18 126.05 126.5 127.8 129.47 130.45 Stoploss :114.5 Vijay, Inditrade,Kovilpatti
NSE:FEDERALBNK federal bank has started moving back to its upper bound The stock is also moving towards builing a bullish triangular pattern. Once the top (121.5) is broken stock will go for breakout Buy Federal Bank above 114 Target 119 and above SL 111.30
EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here. probable target for sub wave 5 comes around 140-150 levels. long term tgts derived from fib projections are here,
NSE:FEDERALBNK is ready to break its bullish triangular pattern resuming its long stalled bullish trend Buy above 122 Target 127 SL 119.70
Buy Federal Bank on close above 120 Stop 115 Targets 125-132 Breakout with volumes
1 can long above 117.75 with SL 115.4 and target of 122.40 Theta Decay one can sell 125 CE at 0.3 one can sell 110 PE at 0.4 Max profit 7700 if Federal Bank stays between 110-125 Please consult your financial adviser before execute trades
Only for the purpose of study. No recommendations Intended.
slowly selling pressure is decreaasing, it is good chart on daily weekly and monthly
if it crosses 110.75 you can see 115 . price may chhop arouund here as it is near 50 day moving average,big bar cross ove will give bullish signal
In daily, first it broke the horizontal support, then moved up to touch the broken support, now acted as a resistance, and price moving down, after touching the horizontal resistance and trend line resistance. sl - 113, 1st tgt - 103. after a long consolidation, BB expansion and BB is moving down. Note: this is not a fno call, I am sharing my view only.
I expect the stock to fall till the buy zone and then set off to the target zone. Buy near the buy zone with the Stop Loss mentioned and ride till the target zone.
Note :-RSI Divergence is suggested before entering.
Stock has taken support and bounced back. Closing basis 100 acts as support. May test 115-125.
Pattern---- Bear Flag Zone of interest ---- 116/117 short setup Target --- 113/114 Stop --- As per risk appetite Hit like if this information is useful. Trade safe Regards Bravetotrade
FEDERAL BANK may complete inverted H&S tomorrow. Price action sustaining above 114.85 will confirm upward move towards 117.2 with some resistance at 116. Enter above 114.85 with SL 114 and targets as 116 and 117.2. All on charts.
The scrip can be seen to rebound back from crucial levels by inverted hammer as it could have breakdown by bears taking control if gone below from rising wedge Chances of bullish reversal due to: 1) %william near oversold situation and showing upward trend 2) Good fundamentals and recent show of results - www.indiainfoline.com After breakout confirmation,...