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| Item Details | Price | ||
|---|---|---|---|
Stock name: Federal bank
Pattern: Retest of breakout
Time frame: Monthly
Observation:
On a monthly timeframe, Federal Bank had broken out of its all-time highs and is currently doing a retest of the same. As per technical analysis, if the retest level is respected and the stock shows a strong bounce from there, then we can see continuation of uptrend in this stock.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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