Stock of the day - Federal Bank Ltd Target Rs.388 - Religare Broking Ltd
Federal Bank Ltd
Buy Federal Bank Ltd CMP (Rs) 361.6 Range* 360-362 SL 349 Target 388

* Federal Bank has delivered a decisive breakout above its prolonged consolidation and converging trendline resistance, signalling a potential continuation of the broader bullish trend.
* The strong bullish candle, accompanied by improved trading volume, validates the breakout and highlights renewed buying interest.
* The stock has reclaimed all major exponential moving averages, reinforcing positive momentum across multiple timeframes.
* Traders may consider initiating fresh long positions within the recommended price range.
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SEBI Registration number is INZ00017433
