Federal Bank - Technical view

Federal Bank - Technical view 1) Chart attached in media

2) This is weekly chart 3) Last week we have seen a breakout above SMA 50 on weekly chart 4) This week we have seen a retracement 5) This is very positive sign 6) Stock trend is positive. This is all for information only. This is neither a buy nor a sell call. 7) Banking is positive - Specially Pvt Banks 8) Rate cut expected from RBI on 9th April 9) Also, market is expecting CRR cut as well. This can be very positive for the sector. Thank you, Technofunda24