eastwind65

FEDERAL BANK ABOUT TO BREAKOUT

Long
NSE:FEDERALBNK   FED BANK
There is a Long Term Trendline from 2017 and has made 3 attempts to break this TL. Once in March and there was a fake out in July and now I expect a breakout of this long term Trend Line .

Can go long on a breakout with volume and a retest with a Bullish followup Candle for the following targets.

T1-96

T2-108 

Comments

what could be the expected timeframe for achieving T1 ?
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eastwind65 Pawan1285
@Pawan1285, It needs to break above the trendline with volume before taking a decision. Fake breakouts do occur quite often. Wait before taking a decision.
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