FEDERALBNK trade ideas
Federal Bank - Fresh Rally ?Call it a VCP or a Cup and Handle Breakout.
Golden Cross just happened on Daily Chart.
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trade of the month - DEC'20
A bit complicated...but self explainatory.
I see huge upside potential in the stock.
Support and resistance levels are as shown.
Trend lines too are given.
Since the stock has made small candles in the past, i expect to see just 3/4 big candles in the month as in bajaj twins to complete the retractions.
Ideally, trade in the the stock only in cash.
Else...sell ATM Calls and put, subsequently add options positions in the direction of the trade.
Personally i am biased towards upper side, however lets see what happens.
NSE:FEDERALBNK
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"
Federal Bank a perfect double bottom A perfect double bottom pattern in Federal Bank. See all my Publications if it seems to give you both knowledge and profit then only like subscribe and share to your near and dears.
My sincere thanks to my Masters trading panthulu, day trader telugu and nayan podarkar.
FEDERAL BANKIT CAN BE BOUGHT WITH A STOP LOSS OF 50 FOR A TARGET OF 53.50, 55, 56.25
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Federal bank Multi bagger StockThe stock has risen slowly and then consolidated for couple of months.
Has given a clear and strong breakout from the Channel
buy at CMP or if it retraces till 60s level
Target 1 - 66 level
Target 2 - 73 level
Target 3 - 84 level
Long term only
Stop Loss 50s level on closing basis