Massive volume in Federal Bank on 28th August

Aug 28, 2020

FEDERALBNK Volumes have spiked to 130M during the Aug 28th Trading session.

Federal Bank showed a breakout with huge volume after weeks of consolidation between the INR50.00 to INR58.00

Expected Federal bank to reach next level of consolidation from the next trading week.

Banknifty saw gains of over 4% during the same trading session.
OANDA:USDINR fell against the rupee.

Aug 31, 2020

Trade closed: stop reached

Breakout reversal.

Sep 5, 2020

Note

The market fell last week after the increased volume buying.