FEDERAL BANK - Likely to drop to 88-86 level before next uomove.

FEDERAL BANK could drop to 88 - 86 level in coming days if fail to close above 94.5 .
Looks 1st Leg of Impulse move from 78.2 is coming to an end.
If fail to move past 94.5 , will drop to 88 - 86 FR levels and likely to
consolidate over a period of 9-10 days before next Upmove which will take the
scrip to 102 level .

Note: I am not a Qualified Technical analyst. Please do your own analysis before taking any Investment decisions.


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