| CMP# | 105.7 |
| Idea | BUY |
| Buy Range | 103 – 106 |
| Target | 112 – 115 |
| StopLoss* | 101 |
| Duration | 15 – 20 Trading Sessions |
| Potential Return^ | 6 – 9% |
| CMP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Return^ |
| 105.7 | BUY | 103 – 106 | 112 – 115 | 101 | 15 – 20 Trading Sessions | 6 – 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#
COMPANY OVERVIEW
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 | |
| NSE Code | FEDERALBNK |
| Sectoral Index | NIFTY BANK |
| 52W High | 106.95 |
| 52W Low | 67.1 |
| Face Value | 2 |
TECHNICAL OBSERVATIONS (WEEKLY)
- The stock price has given a breakout on the weekly charts this week.
TECHNICAL OBSERVATIONS (DAILY)
- 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.
CONCLUSION - Federal Bank SHARE PRICE FORECAST
Based on our short term trading tips for share market
, Federal Bank share price target will be 112 – 115 in the next few days.