EW analysis of Federal Bank in longer time frame.

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

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

long term tgts derived from fib projections are here,

İşlem aktif:

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

İşlem aktif:

going good, till now 120.25

Yorum:

price respecting the overhead resistance.

Yorum:

in daily, there is a probability for abcd pattern

Yorum:

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

İşlem aktif:

follow up chart on ABCD pattern

Yorum:

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

Yorum:

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

İşlem aktif:

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