Technical Conviction Delivery Idea : Federal Bank Ltd Target Rs. 255 By Motilal Oswal Wealth Management
Federal Bank Ltd

Buy Federal Bank Ltd CMP 1241 SL 1200 TARGET 1310 DURATION 1 Week
* Verge of range breakout at All Time High Zones.
* Overall uptrend
* Bounce up from 20 DEMA support zones.
* Surge in volumes on up moves.
* RSI momentum indicator verge of giving bullish crossover.
* We recommend to buy the stock at CMP Rs.239 with a SL of Rs.232 and a TGT of Rs.255.
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