techtrail

Federal Bank: Awaiting a Breakout

NSE:FEDERALBNK   FED BANK
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8
Check the annotation in the chart.
Comment: The anticipated breakout happened today with huge volume. Aggressive traders can chase the stock while the more patient ones may await a pull back. Given the volume and spike today to new mutli-year highs, I suspect if there would be a meaningful pull back happening immediately. If it does, I would be a happy-buyer.