EW analysis of Federal Bank in longer time frame.

14 sept 2017

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.

long term tgts derived from fib projections are here,

19 sept 2017

Operación activa

fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB.

20 sept 2017

Operación activa

going good, till now 120.25

25 sept 2017

Nota

price respecting the overhead resistance. in.tradingview.com/x/TUaA3ZwC/,

6 oct 2017

Nota

in daily, there is a probability for abcd pattern

6 oct 2017

Nota

price following abcd pattern , today its up by 3%.

28 oct 2017

Operación activa

follow up chart on ABCD pattern

28 oct 2017

Nota

breakout with good volume, from horizontal resistance, now retesting the breakout level.

9 dic 2017

Nota

cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.

16 dic 2017

Operación activa

looks like flat correction is over, and regular bullish divergence formed at horizontal support