Federal Bank
Price has broken out of a upward Channel on the down side.
Made a double bottom outside the channel.
Stock can be bought at these levels with target of 98 and SL of 78
Risk Reward is 1:4 and returns can be around 19 Percent.
OI Analysis :-
Good Buildup on the put side.
OI has decreased by 5 percent in today session which indicates short covering.
