naressh said:
could u tell me the prospects about fedral bank--naressh
FEDERAL BANK formed something of an ascending triangle on the weekly.Bullish.Broke out of the ascending triangle 3 weeks ago.Personally would take an aggressive call by buying within that triangle.Another entry,if we missed that one,would be on apullback after the breakout....which is around now,we could buy if it takes out the high of the previous week viz.195.Classical buy signal would be if the breakout bar on high vol.----when that high is taken out i.e 199.Also,high vol on breakout followed by low vol on pullback......Nice!!
If by prospects,you wouldmean news on the company,fundamentals,got to ask other members for advice.Apologies!
All the best!
Happy Trading
Saint