Federal Bank may once again touch 52-53

Now the results are announced, so all the hypes towards results are no more. And looking at the daily chart , the price has touched the top of the rectangle channel and retracing back. More chances of hitting the bottom of the rectangle channel. Expiry is on 29th of this month. That time it may be a little positive, otherwise it may reach 52.
Chart PatternsTrend Analysis

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