Federal Bank Ltd. (India)
Actualizado

EW analysis of Federal Bank in longer time frame.

232
EW analysis shows it is in wave [3] in longer time frame. Currently sub wave 5 of sub wave (3) of wave [3] is going on here.

probable target for sub wave 5 comes around 140-150 levels. imagen

long term tgts derived from fib projections are here, imagen

Operación activa
fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB. imagen
Operación activa
going good, till now 120.25
Nota
price respecting the overhead resistance. in.tradingview.com/x/TUaA3ZwC/,
Nota
in daily, there is a probability for abcd pattern imagen
Nota
price following abcd pattern , today its up by 3%.
Operación activa
follow up chart on ABCD pattern imagen
Nota
breakout with good volume, from horizontal resistance, now retesting the breakout level. imagen
Nota
cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.
imagen
Operación activa
looks like flat correction is over, and regular bullish divergence formed at horizontal support

imagen

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