FEDERALBNK has given a close at 136.50. This stock
has given a clear breakout which can be seen in the chart given below.
FEDERALBNK has given a good spurt with a huge 5.70 % UP bar. This clearly
suggests a good buying. As this stock has given a jump, it might trade in a
range for some time but
overall trend seems up and good and as per our breakout
trading policy, one can initiate a long position in this stock for the targets
of 141 and 145. A close above 145 can lead this stock in to a new bullish zone itself
and one can see the levels like 155 / 157. A strict and closing basis Stop Loss
can be maintained at 131.
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