federal bank if breaks out of the channel could touch recent highs or #ATH. though the market in bearish, but seems to get back in a hurry. first hurdle seems to be 100 and second 108. keep on radar.
getting back into the weekly/monthly channel and hourly chart on uptrend. will it break the previous high or go down with market.
is this a trap? monthly weekly and daily EMA 20 lower than ema 63 and price just zoomed above daily EMA 20 ?
self explanatory blue line BO nifty likely to BO or BD this week
Nifty is trading below 63 and 100 Ema and touched 150 EMA. while on downtrend if doesn't give a breakout this week.we may head towards 16000.
too far away from mean 20 sma , magnetic effect will take place and wait for retracement to touch 20 sma , don't go long for very long.