Federal Bank LtdFederal Bank Ltd. is currently exhibiting strong bullish signals according to various technical indicators. Although the recent decrease in trading volume indicates a potential short-term consolidation, the overarching trend appears to be upward.
It is suggested that the price action be monitored closely for a potential entry point if the price surpasses 208, with an anticipated target of 230.
Federalbanktechnicalanalysis
Federal Bank cmp 183.83 by Daily Chart viewFederal Bank cmp 183.83 by Daily Chart view
- Resistance Zone 197 to 202 Price Band
- Support Zone at 179 to 182.50 Price Band
- Volumes are spiking today thou on the selling side but seems demand buying is inching in
- Price needs to sustain closure over Rising Support Trendline hurdle at +/- 188 for fresh upside