FEDERAL BANK LTD
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ELLIOTT WAVE WEEKLY CHART OF FEDERAL BANK - BUY AT 75

84
This is the big picture

wave iii has concluded , since wave ii was shallow wave iv may go deep

50 % retracement stands @ 75 , Hence buy when Federal bank reaches 75 levels (stop loss should be 50)

Target for wave v should be much higher (above 130)

but this trade may take some more time to materialise
Nota
a small correction in the placement of wave 1


istantanea
Nota
i am not sure of wave 1 placement , that is the reason i gave an alternative placement

if given a choice , i will prefer the 1st placement of wave i

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