FEDERALBNK is in a strong uptrend. Even
today it is up by almost 6 %, and closed at 91.65. One can initiate a long
position now or accumulate in a dip till 88. It has broken out on the upper side.
As we have mentioned many times earlier that all the breakouts / breakdowns are
worth trading and one must take a chance,
even though markets are on all time high, we should take a chance and trade
long of course with a strict and disciplined Stop Loss. Targets can be set at
95 and 99 / 100. A strict Stop Loss must be kept at 85.
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