FEDERAL BANK BREAKOUT
The federal bank just broke the all-time high and resistance of 152.85 and looks bullish. Maybe a pullback will occur after a few hikes.
Expecting 180 level target (based on previous breakout rallies)
Maintain stop loss below 147 (as per risk appetite and position sizing)
Expecting 180 level target (based on previous breakout rallies)
Maintain stop loss below 147 (as per risk appetite and position sizing)
Note
False breakout- failed to sustain the level on the next day, however, after a few days of retracements federal bank is back on track, expecting to break the resistance this time.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.