2025-05-26 12:20:02 pm | Source: Religare Broking
Stock of the day : Federal Bank Ltd For Target Rs. 215 - Religare Broking Ltd
Federal Bank Ltd
Buy Federal Bank Ltd CMP 203.43 Range 202-204 SL 197 Target 215
* Federal Bank continues to trade within a well-defined rising channel on the long-term chart, reflecting a sustained uptrend.
* The stock has completed a bullish cup and handle formation, pointing toward a likely breakout after a four-month consolidation phase.
* Moreover, momentum indicators are also trending positively, reinforcing the bullish outlook.
* Traders can consider to go long in the mentioned range.
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