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Federal Bank Technical Analysis #52: Buy | Target Rs 112 | Arijit Banerjee

Buy Range103 – 106
Target112 – 115
Duration15 – 20 Trading Sessions
Potential Return^6 – 9%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
105.7BUY103 – 106112 – 11510115 – 20 Trading Sessions6 – 9%

# CMP on May 24, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 109.
^ The returns are calculated based on CMP#


Federal Bank is a commercial bank operates in retail, corporate banking, and Treasury activities in India. The company also provides life, health and general insurance products as well as term loans, project finance, bank guarantees etc. As of March 2019, it operated through a network of 1251 branches and 1669 ATMs.

Stock Data
Sectoral IndexNIFTY BANK
52W High106.95
52W Low67.1
Face Value2
Relative Performance_Federal Bank vs Nifty Bank Index


  • The stock price has given a breakout on the weekly charts this week.
Federal Bank Weekly Chart
Federal Bank Weekly Chart


  • Higher Tops and Higher Bottoms at Daily Charts.
  • Last few days stock is trading above the 5 days and 10 days Exponential Moving Average indicating positive signals.
Federal Bank Daily Chart
Federal Bank Daily Chart


Based on our short term trading tips for share market , Federal Bank share price target will be 112 – 115 in the next few days.


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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