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Federalbank

falling wedge silver; fed decision this eveningSilver has formed a falling wedge with low volumes, we can see a clearly divergence in on balace volume and momentum. In daily chart there was a double bottom and then the wedge so we have 2 inversion figures. in h4 chart a rsi divergence. If we look at futures contracts we can see that they have a high price so the investors are positive about silver. Fundamentally this evening there will be Fed decision and I think Powell will tak about a possible cut in future because there are some divergences beween he and trump.
OANDA:XAGUSDLong
by Dragon_Investments
PRICE ACTION TRADING - learning perspectiveThis is based on the book by Laurentiu - Price action breakdown Fair Value area - is the rectangle box -where price has spent most of the time trading at, an area where supply met demand. The price area confined between those two horizontal lines in the chart above is the fair value area Excess Price - You can see that price has gone three times above the higher limit of value that I have drawn on the chart and three times below the lower limit. However,price did not spend much time in those areas, it just tested those levels, found demand on the downside, supply on the upside and quickly retraced back in the area where the bulk of trading was taking place. These areas where price deviates away from value for a short period of time only to come back inside it is excess price.The excess price you have seen in the above examples,can be interpreted in the following way.It reveals clear supply and demand zones. As a result, they will serve as strong support or resistance levels. It shows rejection of a price level.Observe how price behaves at the “1” area. It goes outside of what is perceived as value for price but it spends very little time there. It comes back down again which will consolidate the fair value area even more. The same thing happens at “2”, "3" and “4” area levels. This reveals the buyers and the sellers clearly entering the market as they consider these levels of price as advantageous for them. Tail or spike - look @ 4,& 6. Observe how price goes above value and spends there the least amount of time possible. This level is rejected very swiftly. The supply increased rapidly here. This is a clearly visible footprint of the sellers entering the market. The tail shows greater rejection of that price area. I shall follow this article up tomorrow
NSE:FEDERALBNKEducation
by joel-vg
1
FEDERAL BANK Is A Loooooong "Short"Federal Bank Limited (NSE: FEDERALBNK) has already triggered Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone was at around 119 . It has been broken decisively (on 1-hour closing basis), and we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 116.70 Zone . Then 113.50 are the next support. For Swing Traders, 104.90 Zone is Very Critical. Below which we can see a good amount of selling. The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1681 ATMs across the country.
NSE:FEDERALBNKShort
by TFTIndia
1