If the stock is able to stay above 21 WEMA, expecting it to go back to previous highs of 125. bounced from Support zone, breakout from Channel, now 21WEMA providing support. Look for long in this counter.
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...
Approaching the next buy target of 85.
Wait for the buy signal at that target.
RSI approaching oversold on a weekly scale.
AO approaching crossover. may form elliot motive wave 1.
Take Profits:
105
125 (strong resistance)
155
178
The Federal Bank Limited is a banking company. The Company operates through four segments: Treasury, Corporate or Wholesale Banking, Retail Banking and other banking operations. The Treasury operations include trading and investments in government and corporate debt instruments, equity and mutual funds, derivative trading and foreign exchange operations on account and for customers. The Corporate/Wholesale Banking segment provides loans and other banking services to corporate and other clients. The Retail banking segment provides lending and other banking services to individuals/small business customers, other than corporate/wholesale banking customers. The Other Banking Operations segment includes para banking activities, such as third party product distribution and other banking transactions. It offers various accounts and deposits; loans; cards; banking services, and insurance and investments. It operates over 1,250 branches and over 1,520 automatic teller machines (ATMs).
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FEDERALBNK
