Comments
Long-term investors can buy the shares of Federal Bank (₹134.95) at current levels. The stock has been in a strong uptrend since April 2020. This uptrend still has room on the upside. Near-term supports are at ₹123 and then at ₹119-117. Below that ₹108 and ₹105 are the next strong short-term supports. Resistance is at ₹157. A break above it can take the Federal Bank share price up to ₹185-190 in the second half of 2024. Investors with a timeframe of one-two years can buy Federal Bank shares now. Accumulate on dips at ₹125 and ₹120. Trail the stop-loss up to ₹140 as soon as the stock moves up to ₹160. Move the stop-loss further up to ₹168 when the Federal Bank share price touches ₹173. Exit the shares at ₹180.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.