avinashsawant

FEDERALBNK - Bullish Trend Expected to reach at 96.9

BSE:FEDERALBNK   FEDERAL BANK LTD
FEDERALBNK - Bullish Trend ,
Monthly
- Previous bearish Trend
- Monthly Stop Loss 75.70
- It is downtrend for short time, right now it is at resistance level ~ 84.95
- The expected target is about 110 price

Weekly
- Downtrend channel of about 17 pips
- Expected to cross at 85, if weekly close is above 85 then it is BUY
- The next immediate target is at 105.5, with the strict stop loss @ 75.7
- Risk : 8.7, Rewards : 21.1 R:R => 2.42:1
- Ideally you shall wait to cross 85 on weekly chat and then enter

Daily :
- Previous uptrend
- Short descending triangle at 78 to 83.6
- The immediate target is ~96.9 with stop loss is at 84
- the R:R => 3:1


Resistance Levels
- 96.90
- 105.5
- 122.5

Weekly Pivot Points :
- 87.77
- 90.28
- 94.77

Comments

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