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Sunday, October 26, 2014

FEDERAL BANK -23-10-2014


FEDERAL BANK CMP 141.75

This share has made high- tight flag and made consolidation breakout. The share is traded above rising 50,100 and 200 dma's. It has also made higher bottoms and tops indicating uptrend.The share is under accumulation and is outperforming nifty.it is in trending zone.Most of the momentum indicators are in buy mode. expansion of bolinger bands indicates good strength in the trend. Most of the volume based indicators are also indicating the strength.

CONCLUSION:KEEPING A STOP LOSS AT RS.116 I TRY TO BUY AROUND 142 AND KEEP A TARGET OF RS.210

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