FEDERALBNK trade ideas
ELLIOTT WAVE WEEKLY CHART OF FEDERAL BANK - BUY AT 75This 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
Federal Bank (NSE): Big Push Lower ExpectedSellers 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 up bearish sentiment towards 75.10<>74.80. For the long-term such a decline means the start of a new bearish primary trend, so even lower levels are probable on a 9-12 month horizon. Due to the risk/reward, FedBank is a good shorting candidate. We suggest the following parameters: short-entry below 89.40 with initial stops at 96.70 and a main target in the mentioned zone 75.10<>74.80.
Primary trend: neutral
Outlook: new primary down trend expected, negative
Strategy: avoid or trading short-entry < 89.40
Support: 89.40 / 75.10 / 74.80-
Resistance: 96.70 / 116.50+
Outlook cancelled/neutralized above 96.70
NSE:FEDERALBNK
Federal Bank 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!
Chasing FedbankGladly 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.
FEDERAL BANK Is A Loooooong "Short"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 support. For Swing Traders, 104.90 Zone is Very Critical. Below which we can see a good amount of selling.
The Federal Bank Limited is a major private sector commercial bank headquartered at Aluva, Kochi, Kerala. As on 31 March 2016, Federal Bank has 1252 branches and 1681 ATMs across the country.