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Buy Federal Bank, target Rs 91: Rupak De​

22 November, 2018 6:02 AM
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Buy Federal Bank, target Rs 91: Rupak De​

Traders can accumulate the stock in the range of Rs 82–83.50 for the target of Rs 92 with a stop loss below Rs 79, says Rupak De​ of Bonanza Portfolio.

Federal Bank after few days’ consolidation has given a highest closing. On a line chart the stock price has moved above its previous inflection point of smaller degree.

In addition, the stock has given a falling wedge breakout and currently trading above the breakout point. In addition, weekly RSI (14) is in bullish crossover and rising.

Source: moneycontrol.com

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