Stock Name - The Federal Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 133
#This is not Buy and Sell recommendation to any one. This is for...
Weekend Study No. 3 #FEDERALBNK
Stock is in uptrend and gave major break out around 110 levels which would now act as a great support. 110-130 is the range. May consolidate on this range for a few days before giving a major break out for Target of 200 & much more. Keep in watchlist!
Federal bank has made a high of 124.65 and had been consolidating for many trading sessions. If this crosses the resistance of 124.65, this would give a good upmove.
The same holds true in the weekly and monthly perspectives too..
Don’t miss this trade..
Technique used - simple horizontal resistance
Clear W Pattern Breakout seen alongwith strong breakout of Trendline.
Strong RSI.
This is only for Educational purpose. No any Buy/Sell Recommendation.
Since the October of 2017 when the share price of Federal Bank reached 127+ we are yet to see the heady days of all time highs here... the share price had found the 0.786 fib level a difficulty to cross in two previous occasions.... once again, during midweek it has launched an offensive and is trading above the 108 share price (rounding off from 107.90) The view...
The stock trading at its previous years all time highs of october 2017
On weekly time frame WTF
If the stock break its levels of 128 at closes it above on WTF
then we have to wait for some consolidation on that level and breakout
then there was a good entry point in this stock
ALWAYS FOLLOW YOUR TRADING & R:R RATIO
HAPPY TRADING NSE:FEDERALBNK
Federal Bank- Head & Shoulders Chart Pattern Breakout Weekly Time Frame. Entry Zone-102/115 Expect a Target-170/180 Stop Loss-82.Only Education Purpose.
Stock looks super hot for coming days as long as holding 104-105 zone on Weekly Closing Basis. 125 is the area to watch out for. Once that's taken away, it can be a 2X in no time. Would love a dip here! :-)
FEDBANK is at its important resistance, watch out at this level of 110-112, if it gets broken it has the potential to give another 15-18%, add this to your watchlist
Stock has given breakout from its resistance of 104 after long consolidation.. can be accumulated with SL 100 for ATH breakout above 121 for Target 180/240
Broke & closed above 200MA, very bullish as of now. An Inv. H&S BO also seen. May revolve around that slant TL & see 100+ in July series. Would face resistance around upper TL.
This scrip has been choosen for short term pick as it had given trendline breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏
Federal Bank try to breakout the price engagement level. keep concentrate for the healthy breakout. If price sustain above 103 in weekly chart, It will reach mentioned upcoming targets.
