Good oppurtunity to enter fedral bank. Might see the trendline being retested. But its better to start accumulating it
Target would be around 125+
Stop loss - 90
As per the Breakout on weekly chart, we can go for LONG IN FEDERAL BANK with 110 CE for the Aug month expiry.
Risk Reward is good in this trade set up.
Federal Bank Double Bottom almost 80% achieved. Now, It entered into secondary trend. Day open close bar seems strong bullish & act a support on secondary trend. If price break & sustain above 93, It will move towards upwards. otherwise it will move sideways below price engagement.
NSE:FEDERALBNK
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Long Federalbank
Why? Last 3 quarter result is very good.
Expecting a good move towards 115+
Revenue increased and Profit also improving
RSI is 3 h bullish divergence
above 50 EMA but below 200 EMA. But closing above 200 EMA then we can see 110 in few days
federal bank is now high pressure zone it may go up or down almost 2 year federal bank moving inside the trend line . in support trend line is stonge its difficult to break the support line
Federal Bank
Stock in Uptrend
Good to buy at CMP also or above 100 levels
For positional targets of 105/110/115 in short term
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
