NeeteshJain

Federal Bank Breaks Below Support Zone

Short
BSE:FEDERALBNK   FEDERAL BANK LTD
It is been observed on Daily Chart that the price action breaks and closes below support zone of 66-65 levels indicating sellers dominance over price action. Now, it shall move further down to the next support zone at around 60-61 levels.

Target 1: 63

Target 2: 62

Stoploss: 65
Trade closed: target reached: Target 1 and Target 2 reached successfully. Regards

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