EW analysis of Federal Bank in longer time frame.

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EW analysis shows it is in wave [3] in longer time frame. Currently sub wave 5 of sub wave (3) of wave [3] is going on here.

probable target for sub wave 5 comes around 140-150 levels. 快照

long term tgts derived from fib projections are here, 快照

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fed bank looks quite bullish in daily, BB is expanding and price is riding upper BB. 快照
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going good, till now 120.25
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price respecting the overhead resistance. in.tradingview.com/x/TUaA3ZwC/,
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in daily, there is a probability for abcd pattern 快照
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price following abcd pattern , today its up by 3%.
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follow up chart on ABCD pattern 快照
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breakout with good volume, from horizontal resistance, now retesting the breakout level. 快照
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cmp - 109, currently it is in horizontal channel support, bounce back likely to happen.
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looks like flat correction is over, and regular bullish divergence formed at horizontal support

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