Stock of the day : Federal Bank Ltd For Target Rs.160 - Religare Broking Ltd
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Federal Bank Ltd
* Federalbnk has been in primary uptrend from past more than one and half year.
* It rebounded strongly finding support around its short term moving average i.e. 20 EMA on weekly chart.
* The reversal in price coincides with its previous breakout zone indicates bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned range.
BUY Federal Bank Ltd BUY CMP 149.85; Range* 149-151; SL 145; Target 160
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SEBI Registration number is INZ000174330
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