Strong reversal post results
FEDERAL BANK SUPPORT AND RESISTANCE UPDATED!
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
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
Sellers are preparing for a big push lower. The narrow range on the daily chart occurs just above the weekly cloud support and is almost certain to lead to a rapid sell-off over the coming days and weeks. The overall market condition is too outspokenly bearish to shrug off. At a minimum FedBank has all the odds stacked against it. Dipping below 89.40 should speed...
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Federal Bank has fallen 10% in last few days while the banking sector increased by 5%. The delivery of the stock is very low but the current price looks attractive right now for the investors. The slippage posted in the results have now been factored in; the bet is it will rise in February overcoming the fear sentiment! The stop loss should be 97!
It showed a failed inverse head and shoulders. Taking aggressive entry with low-risk high reward.
Gladly I was scared on the last trade of Fedbank at here (check the comments) - and closed that at 121.7 with a minimal profit of .2 (it is nothing considering the brokerage though). It's time to chase it back once more though it is weak. I am attracted to the lot size of 5500. One point of the fed bank is a salary of many people.
BUY Federal bank for long term.... CMP 112.9 Medium term wave completed 1,2,3,4,5 then retraced 60%... Above 100 trading we will have huge moment.....
i dont find the stock amazing thusfeel it will remain rangebound and one can enter if it close above 120 levels onlyyyyyy
Federal Bank in a 4th wave pullback so can be added to the portfolio at levels closer to 102/100 for short term targets 135-155.
Federal Bank Limited (NSE: FEDERALBNK) has already triggered Bearish Move as per TTC Breakout Formation . The Critical Make-Or-Break Zone was at around 119 . It has been broken decisively (on 1-hour closing basis), and we may see sellers gaining control over the buyers. For Short-term targets, Trader should eye on 116.70 Zone . Then 113.50 are the next...
Head and Shoulder Pattern Breakout. Now the Target should be the height of the head. Everything is explained in chart.
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