federal bank looks bearish in short to medium term

מעודכן
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. תמונת-בזק

Note: this is not a fno call, I am sharing my view only.
עסקה פעילה
going down closed at 105.30
העסקה בוטלה באופן ידני
long term trend is quite bullish here, in weekly, it is near ascending channel support.
תמונת-בזק

It is better to close the short position here.
הערה
in weekly, after bouncing from the ascending channel, price moving up steadily, till now 113.60, תמונת-בזק
downtrendresistenceTrend Analysis

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