federal bank looks bearish in short to medium term

٢٠ أغسطس ٢٠١٧

In daily, first it broke the horizontal support, then moved up to touch the broken support, now acted as a resistance, and price moving down, after touching the horizontal resistance and trend line resistance.

sl - 113, 1st tgt - 103.

after a long consolidation, BB expansion and BB is moving down.

Note: this is not a fno call, I am sharing my view only.

٢٣ أغسطس ٢٠١٧

تم فتح الصفقة

going down closed at 105.30

٢٥ أغسطس ٢٠١٧

تم إغلاق الصفقة يدويًا

long term trend is quite bullish here, in weekly, it is near ascending channel support.


It is better to close the short position here.

١٤ سبتمبر ٢٠١٧

ملاحظة

in weekly, after bouncing from the ascending channel, price moving up steadily, till now 113.60,