joel-vg
Long

ELLIOTT WAVE WEEKLY CHART OF FEDERAL BANK - BUY AT 75

NSE:FEDERALBNK   FED BANK
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This is the big picture

wave iii has concluded , since wave ii was shallow wave iv may go deep

50 % retracement stands @ 75 , Hence buy when Federal bank reaches 75 levels (stop loss should be 50)

Target for wave v should be much higher (above 130)

but this trade may take some more time to materialise
Comment: a small correction in the placement of wave 1


Comment: i am not sure of wave 1 placement , that is the reason i gave an alternative placement

if given a choice , i will prefer the 1st placement of wave i
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