Federal Bank breaks above ₹360 in rising trend

The Federal Bank Ltd closed near ₹363 after breaking above the recent ₹355–₹360 resistance zone. The stock is in a clear higher-high, higher-low structure and continues to respect the rising trendline visible on the daily chart. This keeps the broader price trend positive. FEDERALBNK Price is trading well above the 20-day moving average near ₹348.58 and the 50-day moving average around ₹343.01. The ₹343–₹349 range now acts as an important support cluster. A pullback that holds above this zone would keep the trend healthy. The breakout above ₹360 is the key development. If the stock sustains above ₹360, it can move toward ₹370–₹375, followed by the ₹380 zone. The move is strong, but the Z-score near 2.58 is above the overbought band, so some consolidation or profit-booking can occur before the next leg. ₹360 is immediate support after the breakout. Below that, ₹349 and ₹343 are the next important levels. The trend remains bullish while price stays above ₹349, but chasing after a vertical move is riskier unless ₹360 converts into support.