EW analysis of Federal Bank in longer time frame.

14 set 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 set 2017

Trade attivo

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

20 set 2017

Trade attivo

going good, till now 120.25

25 set 2017

Nota

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

6 ott 2017

Nota

in daily, there is a probability for abcd pattern

6 ott 2017

Nota

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

28 ott 2017

Trade attivo

follow up chart on ABCD pattern

28 ott 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

Trade attivo

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