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PADMAJAMAHESHBABU
Aug 9, 2020 9:32 AM

FEDARAL BANK  Long

FED BANKNSE

Description

REASONS TO TAKE LONG:

1. TAKEN SUPPORT AT 50 DMA.

2. SEEN SIGNIFICANT BULLISH ENGULFING PATTERN. (SERIES OF 5 RED REAL BODIES ARE COVERED BY ONE REAL GREEN BODY,THIS CLEARLY TELLS THAT BULLS ARE AGGRESSIVE.)

3.INVERSE HEAD AND SHOULDER : RIGHT SHOULDER IS HEADING TOWARDS NECK LINE.
IF BREAKOUT HAPPENS WITH HIGH VOLUME THEN TARGETS AND STOP LOSS ARE AS IN THE CHART.

4.BIG INVESTORS ARE INCREASING STAKE IN THIS SHARE .

TRADE WITH YOUR OWN ANALYSIS ALSO..................

Comment

NORTH MOVE STARTS...........................................
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