Federal Bank short term view

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Bandbollinger forms a narrow range in weekly chart and Macd lines might cut on coming week. In daily chart ADX,RSI are positive. These indicators may help to break the triangle pattern.

From the trend lines(not shown in the graph) targets are

122.3
124.18
126.05
126.5
127.8
129.47
130.45
Stoploss :114.5

Vijay,
Inditrade,Kovilpatti
Note
First target reached.
Note
Second target reached 124.15
Note
Technical + Fundamentals(Good Q2 results) help to move further in coming days..
ADXbandbollingerBANKChart PatternsfederalbankTechnical IndicatorsTechnical AnalysisTrend Analysis

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