wait to buy federal bank @65 to 70 range for longterm & sure target is 125 plus.. Head & shoulder visible...
The analysis is only for educational purpose. CYPHER Pattern Rules Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA Condition satisfied Point C is formed when prices extend the XA leg by at least 1.272 or within 1.130 – 1.414 Fibonacci extension level Condition satisfied Point D is formed when it retraces 0.782 Fibonacci level of XC -...
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.
This is based on the book by Laurentiu - Price action breakdown Fair Value area - is the rectangle box -where price has spent most of the time trading at, an area where supply met demand. The price area confined between those two horizontal lines in the chart above is the fair value area Excess Price - You can see that price has gone three times above the...
NSE:FEDERALBNK sell initiate for 05 Dec 2018 using 30 minutes chart based on Fibonacci levels, check below Sell level : Sell Below : 84 Stop Loss : 85.5 Target : 83
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...
Just a Query ? Can in be a Head and shoulder pattern in making
Federal bank is at the final descent details explained in the chart
FEDERAL BANK IS IN THE FINAL DESCENT it can be bought in multiple entry levels between 70 to 75 keep a stop loss of 60 target 140 in another 2 years
We can short FEDERALBNK with stop loss at the top of the channel.
Federal bank looks strong for long but still have to wait for lower timeframe confirmation once the consolidation overs(seller dies out followed by strong buyer comes / else HH & HL formation in lower timeframe near the support line marked as green.)