FEDERAL BANK
- As per technical analysis chart no1, stock moving up from strong trend line support zone, this indicates stock will favor bulls once Federal Bank closes above its trend line resistance around 130. Once closes above 130 then Federal Bank looking bullish for next few trading days.
- Intraday Tips - Close watch if stock starts trading above 130 during trading hours then intraday bullish action is expecting.
- As per stock analysis charts no2, Once Federal Bank closes above 130 and if holds above then stock will find next trend line resistance around 136 is previous high.
- According to chart no3, Federal Bank is facing strong support between 115-110, and stock is moving up from that zone , as long as trades above bulls are on safer side.
- Suggested Reading - Investing in penny stocks.
- As per monthly chart, stock is moving up from previous high, its previous resistance is now acting as major support, as long as Federal Bank is trading above its previous top short-long term investors looks safe.
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