This post is solely for educational purposes. The price is emerging from a demand zone and is sustaining above 150, so the next targets are 155. If the price maintains above 156, then the subsequent targets will be 160, 165, and beyond 170. If you appreciate my analysis, please follow and comment. You may also ask questions about any stocks for further analysis.
A strong move is identified in this stock movement.
later a gap down is observed, neckline at 140 level failed to push the price upside,
then price test the support at 124 levels soon.
A left shoulder is detected at 156 levels, keep in bearish side as long as price is below the head section...
no long side is possible in this stock.
neckline is acting as...
Stock name = Federal Bank Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - C
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
As per previous chart history and present chart pattern, an opportunity is seen to buy this stock above 147 or wait for a strong pullback from the no trading zone as mentioned on the chart
Buying can be done on CMP or wait for a reversal pattern from downside
Do your own research before buying this stock as I am not SEBI registered person
Thanks for your...
FEDERALBANK DAILY CHART
Cmp 141.65 Target 156 Support 129.50
FEDERALBANK has witnessed a falling trend line breakout, making a perfect long setup.
Its only an observation & not any suggestion.
Fedbank has completed retracment from fibonacci golden zone
Uptrend seems to continue target as per fib extension.
Carry a spread at a cost of 1.5 rs. RISK REWARD 1:3
Federal Bank is a low hanging fruit with low valuations. Consolidation has been completed and give breakout above 125. Sustaining above that and retesting 135levels. Avg accumulation between 125-135 is a reasonable range with limited down side. Potential upside nearly 200 in 3-4qtrs.
More importantly fed bank IPO will have ofs of ~500cr which Federal Bank will...
Stocks trading near 5 day Low & Major Bank Nifty Components Near 1H POI its Strong Support , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial...
NSE:FEDERALBNK
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for...
