FEDERAL BANK Analysis:
Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.
Technical Setup:
Take Profit (TP) Levels:
Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.
With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.
Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.
Technical Setup:
- Entry: ₹195.22
- Stop Loss (SL): ₹188.61
Take Profit (TP) Levels:
- TP 1: ₹203.39
- TP 2: ₹216.61
- TP 3: ₹229.83
- TP 4: ₹238.00
Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.
With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.
Note
TP1 done!
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- 30-Day Money Back Guarantee!
- Accurate Entry, Stoploss and Take Profit levels
- NO Repaint
- Detects Sideways Market
- Limited time discount available. HURRY!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
- Supercharge your trading with > Risological.com
- 30-Day Money Back Guarantee!
- Accurate Entry, Stoploss and Take Profit levels
- NO Repaint
- Detects Sideways Market
- Limited time discount available. HURRY!
- 30-Day Money Back Guarantee!
- Accurate Entry, Stoploss and Take Profit levels
- NO Repaint
- Detects Sideways Market
- Limited time discount available. HURRY!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.