FEDERAL BANK BREAKOUT

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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)

٢٨ نوفمبر ٢٠٢٣

ملاحظة

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.