Federal bank IS @ 38 % support
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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
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
Buy @ 103 to 104 one lot
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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