The Federal Bank Limited has broken the
floor of the rising trend channel in the medium
long term, which indicates a weaker initial
rising rate. Thus you should aggressively bet on this stock only when it gets into the channel.
The stock has broken a resistance
level in the short term and given a positive
signal for the short-term trading range.
The
stock has marginally broken up through
resistance at rupee 138. An established break
predicts a further rise. The stock is overall
assessed as technically positive for the
medium long term.
Make daily profit using our bank nifty option tips and be on the winning side of the market.
