FEDERAL BANK Soars with Q2 Profit Rise! Targets in SightFEDERAL BANK Analysis:
Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.
Technical Setup:
Entry: ₹195.22
Stop Loss (SL): ₹188.61
Take Profit (TP) Levels:
TP 1: ₹203.39
TP 2: ₹216.61
TP 3: ₹229.83
TP 4: ₹238.00
Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.
With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.
FEDERALBNK
#OMAXE 48.80 Buy TGT 61 23% upside recommended - Rachit Sethia OMAXE 48.80
TGT 61
SL 42
RR ~2
Return > 23%
TF < 6M
NSE:OMAXE
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
Federal Bank is bullish for short trendWe have confirmation on three basis points here :
1. Uptrend so only buy position.
2. Broken structure zone with good volume.
3. Retest or last kiss checked on 1H time frame.
4. Bullish as on 4H time frame three green soldiers are visible.
Action-Plan : Enter at current price and trail the stop loss to the above resistance zone if it breaks it. Safe traders can exit at upper structure and aggressive can hold but trail stop loss.
Risk Reward is almost 1.89 on the upside.
"Keep hustling and making small losses to ride the big profits"