EW analysis of Federal Bank in longer time frame.
EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here.
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
probable target for sub wave 5 comes around 140-150 levels.
long term tgts derived from fib projections are here,
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fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB.
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going good, till now 120.25
Kommentar:
price respecting the overhead resistance.
Kommentar:
in daily, there is a probability for abcd pattern
Kommentar:
price following abcd pattern , today its up by 3%.
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follow up chart on ABCD pattern
Kommentar:
breakout with good volume, from horizontal resistance, now retesting the breakout level.
Kommentar:
cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.
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looks like flat correction is over, and regular bullish divergence formed at horizontal support