Federal Bank - Will it turn Upside from around 101 level ?
FEDERAL BANK - Looks scrip completed "B" leg of correction with "Expanding Triangle " pattern. Within "B"Leg , "e" larger than "c" though "e" ended below "c".
Now "C" leg[Next Higher Degree] down is on which could end around 101 level hope fully.
This will get confirmed once the area near 100 - 101 holds.
If "S"holds around 100 - 101 , then next leg UP towards 110 + will begin.
Validity : View negated if closes below 100 on Daily basis.
Disclaimer : I am not a certified Technical analyst. Please do your own analysis before taking any Investment/Trading decisions.
Now "C" leg[Next Higher Degree] down is on which could end around 101 level hope fully.
This will get confirmed once the area near 100 - 101 holds.
If "S"holds around 100 - 101 , then next leg UP towards 110 + will begin.
Validity : View negated if closes below 100 on Daily basis.
Disclaimer : I am not a certified Technical analyst. Please do your own analysis before taking any Investment/Trading decisions.
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