FEDERAL BANK LTDLong
FEDERALBANK Analysis
A simple trend line breakout in weekly timeframe
Medium term outlook: Long buildup
Banking sector very bullish
Resistance zone:92.15-99.5
Upside Targets:108.40,127.35
Weak below 86.35
Only one negative and that is MFI(14) is overbought
Personally I am going to take a bullish trade only on resistance zone breakout
Medium term outlook: Long buildup
Banking sector very bullish
Resistance zone:92.15-99.5
Upside Targets:108.40,127.35
Weak below 86.35
Only one negative and that is MFI(14) is overbought
Personally I am going to take a bullish trade only on resistance zone breakout
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