MTF Stock Pick Buy Federal Bank Ltd For Target Rs. 104 - HDFC Securities
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MTF Stock Pick Buy Federal Bank Ltd For Target Rs. 104.- HDFC Securities
TECHNICAL OBSERVATIONS
Downward sloping trend-line Breakout on the Daily Chart
Bullish Inverted Head and shoulder Pattern breakout on the daily Chart
Volumes have confirmed the breakout on the daily charts
Stock has been finding support on its 50 days EMA
Banking as a sector has resumed its uptrend
Indicators and oscillators have been showing strength in the current uptrend
Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy Federal Bank Ltd Up to 3 Months @ Average Level 84.50 CMP 88.25 TGT 104 SL 82.50
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