sagarbagad

Multi year breakout in Fed Bank

Long
NSE:FEDERALBNK   FED BANK
We have observed breakout from symmetrical triangle pattern on the monthly chart of Federal Bank.

Also, it has taken support at the level where it has faced resistance previously. So it's a dynamic entry where we have multiple support with a short SL of 78 we can go long with this guy till 125. Having a good risk reward.

Thanks
Sagar

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