FEDERALBNK | Cup and handle |Breakout | Daily

### **Technical Analysis of Federal Bank Ltd. (NSE)**
The **cup and handle** formations on **Federal Bank Ltd.'s** chart signal potential bullish momentum.

### **Key Observations:**
1. **Cup and Handle Patterns:**
- **First Formation:** A breakout suggests a potential move toward **234.27 INR** (+14.54%).


2. **Breakout Confirmation:**
- **Current Price:** **206.25 INR**, up **2.07% (+4.19 INR)**.
- **Resistance Level:** **217.00 INR**—break above this could accelerate gains.
- **Support Level:** 205 neckline

3. **Volume Trends:**
- **12.79M vs. 8.24M (Avg.)**—above average trading volume strengthens breakout validity.