FEDERAL BANK DOWN TREND BO
FEDERALBNK is facing multiple Resistance on Weekly Chart. Currently trading near its long Down Trend Resistance level.
Also stock is taking support on 50 EMA (Week).
Stock is poised at crucial point now.
If Federak Bank gives BO from its Trend line Resistance & sustains, then we can see a Fresh long term upmove in stock.
FIrst target of upmove will be 95 & second target 110 on positional basis..
But if it fails to give BO then can fall till 50 EMA support (78) and further (70)..
Alwyas Trade with proper Stop Loss
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