FEDERAL BANK LTD
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FEDERAL BANK DAILY CHART

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Federal bank IS @ 38 % support
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wave iii is completed and we are searching for potential wave iv for us to enter

since we are in the heat of wave iii ;

as shown in the above chart

1) 23 % retracement is @ 110.19

2) 38 % retracement is @ 104.4

3)50 % retracement is @ around 100
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above hourly charts shows the fibonacci projections from the corrective a & b

1) 162 % projection @110
2) 262 % projection @ 104
3)362 % projection @ 98.1
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it appears wave C is not yet complete and can have one more downmove to complete the wave c

Buy @ 103 to 104 one lot
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