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.
Trade closed: stop reached
Breakout reversal.Note
The market fell last week after the increased volume buying.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.