FEDERAL BANK Soars with Q2 Profit Rise! Targets in Sight
FEDERAL BANK Analysis:
Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.
Technical Setup:
Take Profit (TP) Levels:
Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.
With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.
Federal Bank (FEDERALBNK) is showing strong bullish momentum on the 15-minute chart using Risological swing trader, setting up for a promising long trade with an entry at ₹195.22. Following a notable 7% surge in response to rising consolidated net profits in fiscal Q2, all eyes are on potential gains as the stock aims to reach its take-profit levels.
Technical Setup:
- Entry: ₹195.22
- Stop Loss (SL): ₹188.61
Take Profit (TP) Levels:
- TP 1: ₹203.39
- TP 2: ₹216.61
- TP 3: ₹229.83
- TP 4: ₹238.00
Market Sentiment:
The recent earnings report has driven significant buying interest, suggesting Federal Bank’s financial health is on the upswing. This strong performance could fuel continued upward momentum as the stock looks to reach each target level.
With volume still robust, traders are advised to monitor price action as the stock progresses through these levels.
Ghi chú
TP1 done!
- Indicator used on my charts > Risological.com
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.