Federal bank gave bullish close above falling trend-line and breakout point was placed at 92.5
It has given breakout from Inverse head and shoulders pattern.
IH&S are most commonly found at bottom of downtrend they are reversal patterns.
Can enter long near 89-90 with Stop loss 70 for 149 target
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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It has given breakout from Inverse head and shoulders pattern.
IH&S are most commonly found at bottom of downtrend they are reversal patterns.
Can enter long near 89-90 with Stop loss 70 for 149 target
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE or Comment)))))-------
