Technical Trading Idea : Federal Bank Ltd For Target Rs. 214 By Motilal Oswal Wealth Management

Federal Bank Ltd
Buy Federal Bank Ltd CMP 206 SL 201 TARGET 214 DURATION Weekly
• Consolidation breakout on daily chart.
• Strong bullish candlestick.
• Respecting 50 DEMA support zones.
• Higher than average traded volumes.
• MACD momentum indicator rising.
• We recommend to buy the stock at CMP Rs.206 with a SL of Rs.201 and a TGT of Rs.214.
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