Chart Check: This private sector bank rose over 30% in 3 months; time to buy or sell?

“Federal Bank, post its quarterly results, has broken out of its resistance zone placed at Rs 130 levels. It can be observed from the quarterly charts that the stock in the last quarter gave the highest quarterly closing in the past 5 years and is a clear outperformer in the banking space,” Sujit Deodhar, Head – Technical Analyst, Wellworth Share & Stock Broking, said.

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