Wolf-AD7

Federal Bank - #RakJhun - Trendline breakout

Long
NSE:FEDERALBNK   FED BANK
Federal Bank is one of the Big Bull Rakesh Jhunjhunwala's big bets.

The stock has broken up above the downward trendline forming since March 2021, with a downward trendline formed since October 2017 very close above it.

Federal Bank is seeing some consolidation in this range before it makes the next leg up above the second trendline.