Range bound Trading

Federal Bank has a strong support at 78 and since April 21, when there was breakout above the FIB 78.6% level of 76, it hasn't ever retested it. However, the stock being in a short range of 10 bucks, will have to play by the day and on shorter timeframes.

Volumes are generally high in this counter and provides ample trading opportunities. I personally will go by the day on this counter.
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