FEDERALBNK trade ideas
FEDERAL BANK LONG SWING TRADE | 10% UPSIDE POTENTIAL I am bullish on banking sector.
FEDERAL BANK looks interesting.
The price reached the daily support area around 125 and firstly, gave a BEAR TRAP and then formed MORNING STAR CANDLESTICK PATTERN. Both of these are bullish signals.
Expecting price to rise till:
1. 131
2.136
3.140
Stop loss can be below 124.
Let me know in comments section if you want me to analyse any other stock/crypto/forex pair/commodity.
Federal BankHello & Welcome to this analysis
It completed an Elliott 5 waves from May 2022 lows to Jan 2023 high.
Post that Wave A till Feb 2023 lows followed by a Wave B till this week's high.
Today's reversal appears to be Wave C down that could probably take it to 115-110 where it appears to have a support based on the consolidation it has had in that area in the past.
Immediate support now at 124 while immediate resistance at 134.
FEDERAL BANK <MY TRADING VIEW ๐๐FEDERAL BANK <MY TRADING VIEW ๐๐
JACKPOT trad for long term view ๐๐๐
break this box to big move
๐๐๐๐๐๐๐๐๐
LIKE if you agree / and for more such jackpot trades do follow. โคโคโค
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I am not sebi registered , Please do your own research before investing
Jan 20
Comment: It Bounced again from said levels of 340 to 400 levels. Cheers!!
Federal BankFederal bank breaking out of box.
If good close today then a buy on Monday.
Target 122+ to 132+
The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 13% from 50DMA and 200DMA.
It has recently broken out of a base in its weekly chart and is trading around 3% from the pivot point