Stock of the day : Federal Bank Ltd by Target Rs. 313 - Religare Broking Ltd
Federal Bank Ltd
* Federal Bank has exhibited a strong recovery, delivering an upside breakout from a prolonged consolidation phase while sustaining above key moving average levels.
* The formation of higher lows indicates strengthening demand, supported by rising volumes during advances, suggesting accumulation.
* Price stability above established support zones reinforces the bullish structure.
* Participants may consider initiating long positions in line with the prevailing upward bias.

Buy Federal Bank Ltd CMP 293.75 Range 292-294 SL 283 Target 313
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SEBI Registration number is INZ00017433
