EW analysis of Federal Bank in longer time frame.

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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. syot kilat

long term tgts derived from fib projections are here, syot kilat

Dagangan aktif
fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB. syot kilat
Dagangan aktif
going good, till now 120.25
Nota
price respecting the overhead resistance. in.tradingview.com/x/TUaA3ZwC/,
Nota
in daily, there is a probability for abcd pattern syot kilat
Nota
price following abcd pattern , today its up by 3%.
Dagangan aktif
follow up chart on ABCD pattern syot kilat
Nota
breakout with good volume, from horizontal resistance, now retesting the breakout level. syot kilat
Nota
cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.
syot kilat
Dagangan aktif
looks like flat correction is over, and regular bullish divergence formed at horizontal support

syot kilat
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