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Published on 16/09/2019 9:20:59 AM | Source: LKP Securities Ltd

Pick Of The Week : Federal Bank Ltd - LKP Securities

Posted in Broking Firm Views - Short Term Report| #Federal Bank Ltd #Banking Sector #LKP Securities Ltd #Trading Report

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Federal Bank

* Stock has given a double bottom breakout on hourly chart and rounding bottom breakout on daily chart with good volume hinting good upside move can be seen in near term

* Good positive divergence is witnessed on daily chart before breakout

* On hourly chart stock is well trading above all strong DMA’s like 100-200 suggesting strength of the stock.

Recommendation

Buy Federal Bank Ltd @ 87 SL 82.50 TGT 93 CMP 87

 

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