2025-04-16 11:55:15 am | Source: Religare Broking Ltd
.jpg)
Stock of the day : Buy Federal Bank Ltd For Target Rs. 204 - Religare Broking Ltd
Federal Bank Ltd
Buy Federal Bank Ltd CMP 191.90 Range 191-192 SL 185 Target 204
* We have been seeing relative outperformance in the private banking counters and Federalbnk is offering a renewed buying opportunity.
* It has formed a fresh buying pivot while holding strong above the confluence of key moving averages.
* The momentum indicator RSI has also witnessed a positive crossover, which further reinforces the bullish stance.
* Considering the technical set-up along with buoyancy in banking space, one can go long in Federalbnk in the mentioned range.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Walmart boosts tech presence in India with Chennai o...
India`s wheat stocks highest in 3 years, rice hits r...
Evening Roundup : A Daily Report on Bullion Energy &...
MOSt Market Roundup : Nifty opened strong, dipped to...
Quote on Post-market comment by Mandar Bhojane, Rese...
Daily Market Commentary : Indian market stays firm ...
Sensex rises for 3rd day; Nifty near 23,450 as banks...
Evening Track : Gold rally accelerates, crossing $3,...
India`s Wipro forecasts weak Q1 revenue, warns of ca...
Adroit Infotech shines as its arm bags order from PT...
