vaibhav14476

Fedral Bank hourly chart . ascending megaphone breakout.

Long
NSE:FEDERALBNK   FED BANK
As shown in the chart, price closed above the resistance line of the ascending megaphone. Typically, this pattern gives downward breakout but in this bull run, it gave upward breakout. No matter, weather it is regular breakout or failure of pattern ...... close above breakout is there. target is near the magic figure Rs 100.

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