Federal Bank is on multi year breakout

1. Since 2008, there are multiple supports at the bottom
2. More then 3 resistance at top
3. After 2020 April the volume is getting pretty decent
4. B/O happened in the month of Oct 2021 but Hugh Wick haas formed in monthly time frame, If the price crosses 107 this month, then the price movement can been expected upwards with pretty decent returns

Note : Key to win this kind of setup is to have patience

Just buy and hold for at least 3 months.

Disclaimer : Just for education Purpose.
Caution before get in to trading.

Thanks Happy Trading :)

Kommentar:

Comment: 1) Due to Retracement,after a B/O, now can expect an upward move as the monthly time frame closes positively
2) Plus this is a multiyear B/O.

So upward movement is anticipated :)

Thanks Happy Trading :)