Federal Bank looking strong for upside
Federal Bank has been in accumulation zone for the last 40+ trading sessions, bouncing around the 50-58 rupees range. We had a good breakout over 60 rupees last week but with the negative news in the market with AGR uncertanity and Loan Moratorium. Bank Nifty stocks have taken quite a beating in the last 3-5 trading session from the recent high.
This is likely to be the case for a few more days until the Supreme Court comes to a decision on the Loan Moratorium in the coming weeks.
Keep a note of the volume spikes seen in Federal Bank. Federal Bank is in a very good position. Verify yourselves!
This is likely to be the case for a few more days until the Supreme Court comes to a decision on the Loan Moratorium in the coming weeks.
Keep a note of the volume spikes seen in Federal Bank. Federal Bank is in a very good position. Verify yourselves!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.